Which of the Following Is Generally True of Nominal Wages

question 116

Multiple Choice

Which of the following is generally true of nominal wages?

• A)In the long run,nominal and real wages tend to be equal.
• B)Nominal wages are more flexible downward than upward.
• C)Nominal wages are more flexible than prices.
• D)Sustained and continuous (cyclical)unemployment suggests nominal wages do not fall quickly.
• E)Nominal wages do not rise during labor shortages.

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Definitions:

Anterograde Amnesia

A condition characterized by the inability to form new memories following the onset of amnesia.

Retroactive Interference

A memory phenomenon where new information disrupts the recall of previously learned information.

Memory Trace Decay

The theory that memory fades and disappears over time if not used, because the neural trace in the brain decays.

Sensory Memory

Sensory Memory is the shortest-term element of memory, an ability to retain impressions of sensory information after the original stimuli have ended, serving as a buffer for stimuli received through the senses.