Question $8(1$ point$)$

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What is true about nominal wages?

They are slow to fall in the face of high unemployment but fast to rise even in the face of low interest rates

They are fast to fall in the face of high unemployment but slow to rise even in the face of low interest rates

They are fast to fall in the face of high unemployment and fast to rise even in the face of low interest rates

They are slow to fall in the face of high unemployment and slow to rise even in the face of labor shortages