If the Nominal Wage Rises from €10 Per Hour in Period

question 42

Multiple Choice

If the nominal wage rises from €10 per hour in period 1 to €15 per hour in period 2 as the expected price level rises from 1 to 3 while the actual price level rises from 4 to 5, then from period 1 to period 2:

• A)the nominal wage is falling.
• B)the expected real wage is falling.
• C)the actual real wage is falling.
• D)all of the above.

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