Deflation Is Occurring in a Nation; the Implication(s)of This Is/are

question 33

Multiple Choice

Deflation is occurring in a nation; the implication(s) of this is/are that

• A) both real and nominal wages are rising.
• B) both real and nominal wages are falling.
• C) if you have no job and have no income,you are better off because things are cheaper.
• D) holding nominal wages constant,the real wage would rise.
• E) holding nominal wages constant,the real wage would fall.

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Definitions:

Civil Liberties

Individual rights protected by law from governmental infringement, including freedom of speech, right to privacy, and the right to a fair trial.

Confederacy

Refers specifically to the Confederate States of America, a collection of eleven southern states that seceded from the United States in 1861, leading to the American Civil War.

Union

Referring to the Northern states during the American Civil War which were against the seceding Southern states forming the Confederacy.

Economies

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.