Assume That Your Nominal Wage Was Fixed at $15 an Hour

question 4

Multiple Choice

Assume that your nominal wage was fixed at $15 an hour, and the price index rose from 100 to 105. In this case, your real wage has

• A)decreased to $10.
• B)increased to $15.75.
• C)decreased to $14.29.
• D)increased to $20.

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Definitions:

Package Statement

A statement in Java that specifies the package to which the Java file belongs, helping in organizing classes.

Class File

A file containing bytecode compiled from a Java source file, suitable for execution by the Java Virtual Machine.

Null

A special marker used in many programming languages to indicate that a reference does not point to any object or is not associated with any value.

Boolean Expression

An expression in programming that evaluates to either true or false, often used in conditional statements.