Multiple Choice
If the overall price level in the economy is rising and at the same time workers are able to buy more goods and services, then the _____ wage of workers must be _____ the rise in the price level.
A) nominal; falling at faster rate than
B) real; falling at a rate faster than
C) nominal; rising at a rate faster than
D) nominal; rising at the same rate as
Correct Answer:
Verified
Correct Answer:
Verified
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