If the Nominal Wages of Carpenters Rose by 3 Percent

question 158

Multiple Choice

If the nominal wages of carpenters rose by 3 percent in 2019 and the price level decreased by 4 percent, then the real wages of carpenters

• A)decreased by 1 percent.
• B)increased by 7 percent.
• C)increased by 1 percent.
• D)increased by 4 percent.

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Definitions:

Manipulated Independent Variable

An independent variable for which participants have been randomly assigned to an experimental group.

Randomly Assigns

In experimental design, the process by which study participants are allocated to different groups in a manner that ensures each participant has an equal chance of being placed in any group.

Comparison Groups

Groups in an experimental design that are not exposed to the treatment under investigation but are compared to the experimental group to assess the treatment's effect.

Independent Variable

The experimental variable used to divide participants into groups.