As a Result of a Supreme Court Decision in 1995

question 112

Multiple Choice

As a result of a Supreme Court decision in 1995, affirmative action policies are now subject to ________ scrutiny.

• A)low
• B)intermediate
• C)strict
• D)full

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Definitions:

Real Wages

Wages adjusted for inflation, representing the actual purchasing power of income received by workers.

Nominal Wage

The wage earned by a worker expressed in current dollars, without adjustments for inflation.

Price Index

An index number that shows how the weighted-average price of a “market basket” of goods changes over time relative to its price in a specific base year.

Real Wage

The purchasing power of a person's earnings, accounting for inflation, defining what goods and services can actually be bought with wages.