contestada

Nominal wage confusion occurs when:
a) workers respond to their nominal wage instead of to their real wage.
b) workers respond to their real wage instead of to their nominal wage.
c) nominal wage is much greater than the real wage.
d) real wage is much greater than the nominal wage.

Respuesta :

Nyctalus

Answer: Option A

                   

Explanation: In simple words, Nominal wage refers to the compensation  that the employees are entitled to, this type of compensation does not depict the inflation adjustments.

Nominal wage confusion refers to the situation when the employees measure their growth and status on the basis of the pay they receive timely and does not consider their true purchasing power in terms of real money.

Thus, the correct option is A.

abiolataiwo2015

Nominal wage confusion occurs when: a) workers respond to their nominal wage instead of to their real wage.

What is nominal wage?

Nominal wage can be defined as the money that workers are paid for work done or for job perform.

The confusion that occur to most workers when it comes to nominal wage  is that this workers  responds or concentrate on the wage number that appear on their paycheck instead of determining the goods and service the wage they receive can buy in the market.

Inconclusion workers respond to their nominal wage instead of to their real wage.

Learn more about nominal wage here:https://brainly.com/question/18422415

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