Which of the Following Is Generally True of Nominal Wages

question 144

Multiple Choice

Which of the following is generally true of nominal wages?

• A)In the long run,nominal wages tend to equal real wages.
• B)Nominal wages are more flexible downward than upward.
• C)Nominal wages are more flexible than prices.
• D)Nominal wages tend to adjust slowly in the downward direction.
• E)Nominal wages do not rise during labor shortages.

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