Identify the Correct Statement

question 86

Multiple Choice

Identify the correct statement.

• A)In periods of low inflation,real wages are constant but nominal wages decline.
• B)If the price level increases,real wages will increase.
• C)If the price level increases,nominal wages will fall.
• D)In periods of high inflation,real wages change even if nominal wages remain constant.
• E)If the inflation rate is high,real wages and nominal wages change by the same amount.

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Definitions:

Biculturalism

The condition of identifying and integrating two cultural identities and values systems into one’s lifestyle.

Acculturation

The process of cultural change and adaptation that occurs when individuals from one culture come into direct contact with another culture.

Assimilation

In psychology, the process of incorporating new information into existing cognitive schemas or frameworks.

Bilingualism

The ability to fluently speak and understand two languages.