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.

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Definitions:

Extreme Prejudice

Extreme prejudice refers to intense bias or hostility towards particular groups, which can manifest in aggressive discrimination, violence, or exclusionary practices.

Majority

A definable category of people who are socially advantaged.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Intentional

Actions or behaviors that are done with purpose or deliberate intent, often reflecting a specific goal or outcome in mind.