Which of the following is true about real and nominal wages?
A)In periods of low inflation,real wages are constant and nominal wages decline.
B)If the price level is high,real wages will fall.
C)If the price level is high,nominal wages will fall.
D)If there is inflation,real wages will change if nominal wages are constant.
E)If there is a constant inflation rate,real wages will not change unless nominal wages do.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true about real and nominal wages?
A)In periods of low inflation,real wages are constant and nominal wages decline.
B)If the price level is high,real wages will fall.
C)If the price level is high,nominal wages will fall.
D)If there is inflation,real wages will change if nominal wages are constant.
E)If there is a constant inflation rate,real wages will not change unless nominal wages do.

Which of the Following Is True About Real and Nominal