If the Nominal Wage Falls by 2 Percent and the Price

question 142

Multiple Choice

If the nominal wage falls by 2 percent and the price level falls by 5 percent, the real wage will

• A)be unaffected.
• B)fall by 7 percent.
• C)rise by 3 percent.
• D)rise by 7 percent.

---

Definitions:

Weak Methodology

A reference to research or analytical approaches that possess limitations, flaws, or lack rigorous standards.

OD Interventions

Actions and processes applied in organizational development to improve an organization's effectiveness through planned change.

OD

Organizational Development, a field focused on interventions in the work processes and structures of an organization with the aim of improving its effectiveness and health.

Supervisors

Individuals in an organization responsible for overseeing the work of others and ensuring tasks are completed effectively.