Multiple Choice
Which of the following is true?
A) The nominal wage will be constant only if the inflation rate is constant.
B) The real wage will be greater than the nominal wage only if the inflation rate is constant.
C) The nominal wage and the real wage will change by the same amount if the price level is constant.
D) The real wage will be equal to one only if the price level is zero.
E) The real wage will be constant only if the nominal wage is constant.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is true of
Q2: In the aggregate demand-aggregate supply model,which of
Q3: The figure below shows the equilibrium in
Q4: Workers usually negotiate compensation in terms of
Q5: The figure below shows the short-run aggregate
Q7: If nominal wage rates increase by 5
Q8: If the actual price level is less
Q9: The aggregate demand-aggregate supply model shows that
Q10: A nominal wage is:<br>A)always equal to the
Q11: The nominal wage represents:<br>A)the wage measured in