Permafrost Is

question 96

Multiple Choice

Permafrost is

• A) a temporary pool of water in an estuary.
• B) a permanent pool of water in the grasslands.
• C) permanently frozen ground in the polar icecap.
• D) temporary frozen ground in the polar icecap.
• E) frozen layer of ground in the tundra that prevents drainage.

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Definitions:

Nominal Wages

The amount of money paid to employees before adjusting for inflation, representing the face value of earnings.

Real Wage

The purchasing power of wages, taking into account the impact of inflation on buying capabilities.

Price Level

refers to the average of current prices across the entire spectrum of goods and services produced in the economy.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a short time period, given the current price levels.