Your Boss Gives You an Increase in the Number of Dollars

question 185

Multiple Choice

Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes

• A) your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased.
• B) your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased.
• C) your real wage increase. If your real wage rose by a greater percentage than the price level, then your nominal wage also increased.
• D) your real wage decrease. If your real wage rose by a greater percentage than the price level, then your nominal wage decreased.

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Definitions:

Beneficiary

An individual or entity entitled to receive benefits or assets from a trust, will, or life insurance policy.

Statutory Assignment

The transfer of rights or interests in a particular matter as authorized and regulated by statute.

Equitable Assignment

A transfer of rights or benefits from one party to another, recognized by equity courts even if not formally executed.

Vicarious Performance

A situation where an individual or entity performs a duty or obligation through another party, who acts on their behalf.