Economics 9708 · AS & A Level · Balance of payments

Balance of payments — practice question

Which combination could occur in an economy with zero inflation?

  • Aaverage nominal wages: falling; average real wages: falling
  • Baverage nominal wages: falling; average real wages: rising
  • Caverage nominal wages: rising; average real wages: falling
  • Daverage nominal wages: unchanging; average real wages: rising

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