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:

Distributed

Refers to a system or process that is spread out across multiple locations or among various entities.

Existential Import

The concept that a statement implies the existence of the subject it mentions.

Invalid Syllogism

An invalid syllogism is a form of deductive reasoning where the conclusion does not logically follow from its premises, thus making the argument logically incorrect.

Rules Of Validity

The principles and criteria used to assess the logical soundness of arguments and syllogisms.