Deflation Is Occurring in a Nation; the Implication(s) of This

question 141

Multiple Choice

Deflation is occurring in a nation; the implication(s) of this is/are:

• A) both real and nominal wages are rising.
• B) both real and nominal wages are falling.
• C) if you have no job and have no income, you are better off because things are cheaper.
• D) holding nominal wages constant, the real wage would rise.
• E) holding nominal wages constant, the real wage would fall.

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Definitions:

Periods

In geology, divisions of geological time; in biology, typically refers to the menstrual cycle, a regular natural change that occurs in the reproductive system.

EPSP

Excitatory postsynaptic potential; a temporary increase in postsynaptic membrane potential caused by the flow of positively charged ions into the postsynaptic cell, making it more likely for a neuron to fire.

IPSP

Inhibitory postsynaptic potential, a type of synaptic potential that makes a neuron less likely to generate an action potential.

Action Potential

A rapid rise and subsequent fall in voltage or membrane potential across a cellular membrane, momentarily allowing the cell to become depolarized.