Suppose You Received a 4 Percent Increase in Your Nominal

question 58

Multiple Choice

Suppose you received a 4 percent increase in your nominal wage.Over the year,inflation runs about 7 percent.Which of the following is true?

• A)Your real wage increased.
• B)Both the nominal and real wages increased.
• C)Both your nominal and real wages decreased.
• D)Although your nominal wage fell,your real wage increased.
• E)Although your nominal wage rose,your real wage decreased.

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Definitions:

Disruptive Selection

An evolutionary process that favors individuals at both extremes of a trait distribution over the average phenotype.

Finch Species

Refers to various types of finches, small to medium-sized passerine birds, known for their diversity in beak shapes and sizes, which reflect their dietary preferences.

Separate Species

A biological concept defining groups of organisms that can interbreed freely under natural conditions but do not breed with other such groups.

Interbreed

To breed individuals of different varieties or species, producing hybrids.