Suppose You Received a 3 Percent Increase in Your Nominal

question 92

Multiple Choice

Suppose you received a 3 percent increase in your nominal wage. Over the year, inflation ran about 6 percent. Which of the following is true?

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

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Definitions:

Daughter Cells

The cells that result from the division of a single parent cell during processes like mitosis and meiosis.

Cell Division

The process by which a parent cell divides into two or more daughter cells, crucial for growth, repair, and reproduction in organisms.

Anatomical Direction

Terms used to describe the locations and orientations of structures within the body relative to other structures or locations, such as anterior, posterior, superior, and inferior.

Inferior

Anatomical term meaning below or closer to the feet; also called caudal.