The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?

A. unspoken agreements between workers and firms that firms will not cut wages

B. the contention that workers in one industry may be unwilling to accept a wage cut unless they know that workers in other industries are receiving similar cuts

C. employment contracts that stipulate workers wages usually for a period of one to three years

D. the incentive that firms may have to hold wages above the market clearing rate

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