Inflation Is Occurring in a Nation; the Implication(s) of This

Multiple Choice

Inflation is occurring in a nation; the implication(s) of this is/are:

A) both real and nominal wages are rising.
B) both real and nominal wages are falling.
C) almost none, because most wages increase at about the same rate as inflation.
D) holding nominal wages constant, the real wage would rise.
E) holding nominal wages constant, the real wage would fall.