The Long-Run Trend of Real Wages

question 164

Multiple Choice

The long-run trend of real wages

• A) cannot be determined from available data on nominal wages and the price level.
• B) has been downward because the price level has risen faster than nominal wages.
• C) has been upward.
• D) has been downward because labor's share of the domestic income has fallen.

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Definitions:

Purkinje Fibers

Cardiac fibers located in the lateral walls of the ventricles.

Myocardium

The muscular tissue of the heart that contracts to pump blood out of the heart and then relaxes as the heart refills with returning blood.

Endocardium

The innermost layer of the heart's walls, lining the chambers and heart valves.

Capillary Walls

The thin, semi-permeable barriers of capillaries that allow for the exchange of oxygen, nutrients, and waste products between the blood and tissues.