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 and real wages tend to be equal.
B) Nominal wages are more flexible downward than upward.
C) Nominal wages are more flexible than prices.
D) Sustained and continuous (cyclical) unemployment suggests nominal wages do not fall quickly.
E) Nominal wages do not rise during labor shortages.