Multiple Choice
Which of the following characterizes the relationship between real wages and nominal wages?
A) The real wage will be constant only if the inflation rate is constant.
B) Changes in the nominal wage will be the same as changes in the real wage only if the price level is constant.
C) The real wage will be constant only if the price level is constant.
D) The real wage will be constant only if the nominal wage is constant.
Correct Answer:
Verified
Correct Answer:
Verified
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