If Nominal Wages Rise Slower Than the Price Level, Then

question 39

Multiple Choice

If nominal wages rise slower than the price level, then real wages have ________ and the purchasing power of income has ________.

• A)fallen; fallen
• B)fallen; risen
• C)risen; risen
• D)risen; fallen

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Definitions:

Texting

The act of sending and receiving written messages through mobile devices.

Jury

A group of people sworn to render a verdict in a trial on the basis of evidence presented to them.

Appeal

The act of appealing to a superior court to reconsider and alter the verdict of an inferior court.

Motion for Summary Judgment

A legal request for a decision by the court without a full trial, based on presented evidence showing no factual disputes.