Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A) An increase in the real interest rate might discourage savings.
• B) An increase in the real interest rate always encourages higher savings.
• C) In an economy with a positive inflation rate, the real wage rate is always greater than the nominal wage rate.
• D) An increase in the nominal wage rate leads to a decrease in the real wage rate if the price level is stable.

---

Definitions:

Allergies

Immune system reactions to a foreign substance that is not typically harmful to the body, such as certain foods, pollen, or pet dander.

Housekeeping Task

Routine cleaning and maintaining tasks performed in a living or work environment to ensure hygiene and order.

Medical Assistant

A healthcare professional responsible for administrative and clinical tasks in hospitals, doctor's offices, or other healthcare facilities.

Shampoo Carpet

The cleaning of carpets using a specially-formulated shampoo to remove dirt and stains.