Which of the Following Is Generally True of Nominal Wages

Multiple Choice

Which of the following is generally true of nominal wages?

A) In the long run,nominal wages tend to equal real wages.
B) Nominal wages are more flexible downward than upward.
C) Nominal wages are more flexible than prices.
D) Nominal wages tend to adjust slowly in the downward direction.
E) Nominal wages do not rise during labor shortages.