If Workers Received a 5 Percent Wage Increase and the Rate

question 1

Multiple Choice

If workers received a 5 percent wage increase and the rate of inflation was 10 percent, then their real wage:

• A)increased.
• B)decreased.
• C)remained constant.
• D)equaled the nominal wage.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.