Question
It is possible to have a situation where the nominal wage is rising and the price level is falling, while the real wage still decreases.
"It is possible to have a situation where the nominal wage is rising and the price level is falling, while the real wage still decreases."
The statement above is true, false, uncertain, or not enough Information? Please show your explanation.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
