Multiple Choice
Inflation is occurring in a nation; the implication(s) of this is/are
A) that both real and nominal wages are rising.
B) that both real and nominal wages are falling.
C) almost none,because most wages increase at about the same rate as inflation.
D) that holding nominal wages constant,the real wage would rise.
E) that holding nominal wages constant,the real wage would fall.
Correct Answer:

Verified
Correct Answer:
Verified
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