Which of the Following Statements Is True About Real Wages

question 169

Multiple Choice

Which of the following statements is true about real wages?

• A)Real wages increase as long as nominal wages decrease.
• B)Real wages increase as long as nominal wages increase.
• C)If prices rise faster than nominal wages, real wages will increase.
• D)If prices rise faster than nominal wages, real wages will decrease.
• E)Real wages increase as long as inflation increases.

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Definitions:

Feeling Rule

Social norms that dictate the appropriate emotions to be felt and expressed in given situations, as studied within the context of sociology and psychology.

Anti-war Protests

Demonstrations or actions taken by individuals or groups to express opposition to military conflict and war.

Role-taking Emotions

Emotions that arise from putting oneself in another's position, understanding their situation, and possibly empathizing with them.

Resocialized

The process through which individuals learn new norms and values in response to changes in their social environment or life situations.