Which of the following is true if the real wage rate is equal to the nominal wage rate
Chapter 0, Problem 17(choose chapter or problem)
Which of the following is true if the real wage rate is equal to the nominal wage rate? a. Real income is constant. b. The price level for the current year is the same as the price level in the base year. c. The CPI is increasing. d. The demand for labor is increasing. e. The economy is experiencing deflation.
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