Which of the Following Is Generally True of Nominal Wages

question 116

Multiple Choice

Which of the following is generally true of nominal wages?

• A)In the long run,nominal and real wages tend to be equal.
• B)Nominal wages are more flexible downward than upward.
• C)Nominal wages are more flexible than prices.
• D)Sustained and continuous (cyclical)unemployment suggests nominal wages do not fall quickly.
• E)Nominal wages do not rise during labor shortages.

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Definitions:

Stimulus Generalization

The process by which a conditioned response is triggered not only by the conditioned stimulus but also by stimuli that are similar to the conditioned stimulus.

Psychoanalytic

Psychoanalytic relates to a theory and method of therapy that emphasizes unconscious mental processes and childhood experiences in shaping behavior and personality.

Repressed Impulses

Desires or feelings that have been unconsciously excluded from conscious awareness.

PTSD

Post-Traumatic Stress Disorder is a psychological condition initiated by exposure to or witnessing traumatic incidents, marked by recurrent flashbacks, nightmares, and intense anxiety.