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

• A. 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 simi
• B. employment contracts that stipulate workers’ wages usually for a period of one to three years
• C. unspoken agreements between workers and firms that firms will not cut wages
• D. the incentive that firms may have to hold wages above the market clearing rate