Question: How will nominal wages respond to a decrease in the price level in the short run? Choose 1 answer: Choose 1 answer: (Choice A) Nominal

How will nominal wages respond to a decrease in the price level in the short run? Choose 1 answer: Choose 1 answer: (Choice A) Nominal wages will decrease by the same change as the decrease in the price level A Nominal wages will decrease by the same change as the decrease in the price level (Choice B) Nominal wages will increase in an amount equal to the decrease in the price level B Nominal wages will increase in an amount equal to the decrease in the price level (Choice C) Nominal wages will decrease by a greater change than the change in the price level C Nominal wages will decrease by a greater change than the change in the price level (Choice D) Nominal wages will not change, or will change in an amount smaller than the change in the price level D Nominal wages will not change, or will change in an amount smaller than the change in the price level (Choice E) Nominal wages will increase in an amount greater than the decrease in the price level E Nominal wages will increase in an amount greater than the decrease in the price level

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