Which of the Following Statements Is True

question 111

Multiple Choice

Which of the following statements is true?

• A)None of these are true.
• B)Real wages increase as long as nominal wages increase.
• C)If prices rise faster than nominal wages,real wages will increase.
• D)If prices rise faster than nominal wages,real wages will decrease.
• E)Real wages increase as long as inflation increases.

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Definitions:

Ratified

Formally approved or confirmed, usually referring to documents, treaties, or agreements.

Interests

A person's curiosity or concern about something, which can drive their engagement and motivation toward certain activities or knowledge.

Priority Issues

Problems, challenges, or concerns that require immediate attention and action over others due to their significance or potential impact.

Establishing Process

The act of creating or instituting a procedure or system within an organization to achieve certain goals.