If Nominal Wages and Prices Both Double, Then _____

question 29

Multiple Choice

If nominal wages and prices both double, then _____.

• A) the real wage will increase
• B) the level of employment will remain unchanged
• C) firms will hire more workers
• D) the supply of labour will decrease

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Definitions:

Communication Step

A phase or action in the process of conveying information or expressing ideas effectively.

Defense Mechanism

A psychological strategy used unconsciously by individuals to protect themselves from anxiety or to avoid facing unacceptable thoughts or feelings.

Self-Concept

An individual's understanding and evaluation of their own abilities, traits, and characteristics; the mental image one has of oneself.

Jack Gibb

Psychologist known for his contributions to understanding group dynamics, particularly related to trust and defensiveness in communication.