The long-run trend of real wages:

A) cannot be determined from available data on nominal wages and the price level.
B) has been downward because the price level has risen faster than nominal wages.
C) has been upward.
D) has been downward because labor's share of the domestic income has fallen.

Long-run Trend

The long-run trend refers to the general pattern or direction that an economic variable, such as GDP growth or the unemployment rate, follows over a prolonged period, smoothing out short-term fluctuations.

Real Wages

The purchasing power of wages, taking into account the effects of inflation or deflation, which reflects the actual goods and services that wages can buy.

Nominal Wages

The amount of money paid to an employee before adjustments for inflation; the face value of wages.