In Order to Keep the Real Wage Rate Constant, the

question 24

Multiple Choice

In order to keep the real wage rate constant, the

• A) money wage rate must increase when the price level falls.
• B) inflation rate must be exactly one half of the expected inflation rate.
• C) money wage rate must increase by the same amount as the inflation rate.
• D) money wage rate must decrease by the same amount as the inflation rate.
• E) nominal interest rate must be equal to the inflation rate.

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