Multiple Choice
Which of the following statements is true about real wages?
A) Real wages increase as long as nominal wages decrease.
B) Real wages increase as long as nominal wages increase.
C) If prices rise faster than nominal wages, real wages will increase.
D) If prices rise faster than nominal wages, real wages will decrease.
E) Real wages increase as long as inflation increases.
Correct Answer:
Verified
Correct Answer:
Verified
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