Suppose You Received a 5 Percent Increase in Your Nominal

question 16

Multiple Choice

Suppose you received a 5 percent increase in your nominal wage. Over the year, inflation ran about 2 percent. Which of the following is true ?

• A) Your real wage increased.
• B) Your nominal wage decreased.
• C) Both your nominal and real wages decreased.
• D) Although your nominal wage rose, your real wage decreased.

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Definitions:

DNA Methylation

A biochemical process involving the addition of a methyl group to the DNA molecule, affecting gene expression without changing the DNA sequence.

Epigenetic Modification

Chemical changes to the DNA or histones that affect gene expression without altering the DNA sequence, influenced by environmental factors.

Caste Development

The differentiation process in social insects like bees and ants, where individuals develop into specialized roles such as workers or queens.

Vasopressin

A hormone produced by the hypothalamus and secreted by the posterior pituitary gland, playing a key role in increasing water retention in the kidneys and in regulating social behaviors.