Arnold's Nominal Wage Increased by 3%, and the Prices of Goods

question 291

Multiple Choice

Arnold's nominal wage increased by 3%, and the prices of goods that Arnold buys increased by 5%. Arnold's real wage has

• A) increased.
• B) remained constant.
• C) decreased.
• D) changed by 8%, but the direction of the change is ambiguous.

Recognize major hominid species and their contributions to human evolution.

Understand the evolutionary advantages of various respiratory systems in vertebrates.

Distinguish between the characteristics of birds and mammals.

Identify unique features associated with the mammalian class.

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Definitions:

Accumulated Value

The number of elapsed timed intervals or counted events.

Counter

An electromechanical device in relay-based control systems that counts numbers of events for the purpose of controlling other devices based on the current number of counts recorded; a programmable logic controller instruction that performs the functions of its electromechanical counterpart.

True

A statement or condition that is accurate, factual, or in accordance with reality.

Thumbwheel Switch

"A rotating switch used to input numeric information into a controller."