If the inflation rate is 3% and an employer does not give a nominal wage increase, the employer has effectively:

O caused deflation.
O given a 3% reduction in real wages.
O given a 3% increase in real wages.
O not changed real wages

Question

12-06-2024
Business

Answered

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If the inflation rate is 3% and an employer does not give a nominal wage increase, the employer has effectively:

O caused deflation.
O given a 3% reduction in real wages.
O given a 3% increase in real wages.
O not changed real wages

Sagot :

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