Nominal and Real Wage Rates

question 143

Multiple Choice

Nominal and real wage rates

• A)must always change by the same amount.
• B)must always change in opposite directions by the same amount.
• C)must always change in the same direction but could change by different amounts.
• D)could change in opposite directions.
• E)must always change in the same direction,and the nominal wage rate must change more rapidly than the real wage rate.

---

Definitions:

Experimental Units

These are the individual objects or entities on which the experiment is conducted.

Subjects

Individuals or entities that are observed or experimented upon in research and studies, often used interchangeably with participants.

Observational Study

A study in which the researcher observes and records behavior or outcomes without manipulating any variables, often used in social sciences, epidemiology, and ecology.

Proportion

A part or fraction of a whole, typically expressed as a percentage or ratio.