Error related to resources_ap after upgrading to Android Studio 3.4

Question

I upgraded Android Studio 3.4 today. I am no longer able to run the the app. I have cleaned the project, restarted Android studio many times. I have also invalidated cache to no avail. I am getting the following error when installing the app:

FAILURE: Build failed with an exception.

* What went wrong:
Execution failed for task ':app:transformDexWithInstantRunSlicesApkForDebug'.
> java.lang.RuntimeException: java.io.FileNotFoundException: E:\...\app\build\intermediates\instant_run_split_apk_resources\debug\instantRunSplitApkResourcesDebug\out\slice_1\resources_ap

Could anyone offer a tip on how to remedy this?

Edit: I have two projects with different behaviors related to this issue:

1. Project A initially had this issue. I disabled Instant Run per the answer, the problem was solved. I enabled Instant Run later, and Project A is still working fine.
2. Project B also had this problem that has been remedied by turning of Instant Run. However, its problem will occur as soon as Instant Run is turned on. I do not what difference between these two projects results in this. One suspect is library C project. Library C is a part of Project A (i.e. its source code, resources are in Project A). However, Project B uses the aar of Library C as a module.

Answer 1

Issue should be fixed in Android Studio 3.4.2.

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EDIT: Here is my old answer on how to fix it in Android Studio 3.4.0 and 3.4.1:

Using Gradle 5.4 instead of 5.1.1 helped me with this error.

Update gradle-wrapper.properties file with: distributionUrl=https\://services.gradle.org/distributions/gradle-5.4-all.zip

Please note I haven't tested older Gradle versions, so it's possible even (for example) 5.2 version will work. You can see all Gradle releases here - https://gradle.org/releases/