Multiple Choice
If workers received a 5 percent wage increase and the rate of inflation was 10 percent, then their real wage:
A) increased.
B) decreased.
C) remained constant.
D) equaled the nominal wage.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Inflation makes it difficult to distinguish relative
Q3: The Fisher effect is the tendency for
Q4: The real interest rate equals the:<br>A)nominal interest
Q5: The CPI is all of the following
Q6: The price of a specific good in
Q7: If the nominal interest rate is 8 percent
Q8: In Econoland in 2005, people with incomes
Q9: Which of the following is a nominal
Q10: Product improvements make it difficult for the
Q11: The phenomenon known as _ occurs when