Multiple Choice
Which of the following comparisons of wage trends for 1953 to 1973 and 1973 to 1993 is accurate?
A) Wages were more equitable for women and minorities in the first period than in the second.
B) Wage gains were typically eaten up by inflation in the first half.
C) Nominal wages gradually sunk in the first half and rose in the second, but real wages behaved in the opposite way.
D) Wages increased significantly in the first period but stagnated in the second.
Correct Answer:
Verified
Correct Answer:
Verified
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