The nominal wage is _____
A) always equal to the legal minimum wage.
B) the same as the efficiency wage.
C) measured in terms of the amount of goods and services it can purchase.
D) measured in current dollars rather than in constant dollars.
E) measured in constant dollars rather than in current dollars.

Question

Quizplus · Accepted Answer

The nominal wage is measured in current dollars rather than in constant dollars. It represents the amount of money paid to an employee in a given time period, without adjusting for inflation.

The Nominal Wage Is _____