If the Percentage Increase in Nominal Wage Rates Is Less

question 13

Multiple Choice

If the percentage increase in nominal wage rates is less than the percentage increase in the price level, then:

• A)real wage rate rises and the unemployment rate falls.
• B)both real wage rate and the unemployment rate rises.
• C)both real wage rate and the unemployment rate falls.
• D)real wage rate rises and the unemployment rate remains unchanged.
• E)both real wage rate and the unemployment rate remains unchanged.

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Definitions:

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is a religious and historical event commemorated by Christians as the nativity of Jesus, traditionally celebrated on December 25th as Christmas.

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A situation where population growth outpaces agricultural production, leading to famine, disease, and war.

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Nutritive material consumed by living organisms to sustain life and growth.