Your Nominal Wage Increases from $12 Per Hour to $13

question 95

Multiple Choice

Your nominal wage increases from $12 per hour to $13 per hour.At the same time,the price level increases from 140 to 147.As a result,

• A)The number of dollars you receive increases and the purchasing power of the dollars you receive increases.
• B)The number of dollars you receive increases and the purchasing power of the dollars you receive decreases.
• C)The number of dollars you receive decreases and the purchasing power of the dollars you receive increases.
• D)The number of dollars you receive decreases and the purchasing power of the dollars you receive decreases.

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Definitions:

Electrophoresis

A laboratory technique used to separate macromolecules like DNA or protein based on their size and charge.

Cathode

The electrode in a battery or electrolytic cell where reduction occurs; it attracts cations.

Anode

The electrode in an electrochemical cell at which oxidation occurs, electrons are released, and positive current flows into the device from the external circuit.

Phenylalanine

An essential amino acid with the formula C9H11NO2, known for its role in the biosynthesis of proteins and a precursor to neurotransmitters.