Which of the Following Is True About Real and Nominal

question 169

Multiple Choice

Which of the following is true about real and nominal wages?

• A)The nominal wage will be constant only if the inflation rate is constant.
• B)The real wage will be constant only if the inflation rate is constant.
• C)Changes in the nominal wage will be the same as changes in the real wage only if the price level is constant.
• D)The real wage will be constant only if the price level is constant.
• E)The real wage will be constant only if the nominal wage is constant.

---

Definitions:

Universal Process Approach

A conceptual framework that suggests principles and processes used by managers are universally applicable to all organizations, regardless of type, size, or location.

Henry Fayol

A French engineer and management theorist who is best known for developing one of the earliest theories of management, emphasizing organizational structure, management process, and the key functions of management.

Business Management Courses

Educational programs focused on teaching the principles, practices, and strategies of managing businesses.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.