Which of the Following Best Describes How Nominal Wages Will

question 31

Multiple Choice

Which of the following best describes how nominal wages will be affected in the long run?  

• A) Nominal wages and real wages tend to be equal. 
• B) Nominal wages are more flexible downward than upward. 
• C) Nominal wages are more flexible than prices. 
• D) Sustained and continuous unemployment suggests nominal wages do NOT fall quickly.

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