This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Your wage this year is 15 per hour and the CPI is 178. Next year you get a raise to 17 and the CPI ... (Read 89 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Your wage this year is 15 per hour and the CPI is 178. Next year you get a raise to 17 and the CPI rises to 185. What has happened?
 
  A) Your real and nominal wages have each increased by the same percentage.
  B) Your real wage has increased but by a smaller percentage than your nominal wage.
  C) Your nominal wage has increased but your real wage has declined.
  D) Your nominal wage has increased but your real wage has not changed.
  E) Your real wage rate has increased by a larger percentage than your nominal wage.

Question 2

A reduction in unemployment benefits will
 
  A) not change the amount of frictional unemployment because unemployment benefits affects only structural unemployment.
  B) increase the amount of frictional unemployment.
  C) decrease the amount of frictional unemployment.
  D) increase the amount of cyclical unemployment.
  E) not change the amount of frictional unemployment because unemployment benefits affects only cyclical unemployment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


beccaep

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour. Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour.
Collecting a 24-Hour Urine Specimen Collecting a 24-Hour Urine Specimen
Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ... Preoperative photograph of a 43-year-old Caucasian male with necrotizing fasciitis on the day of ...
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ... Sam and Jen had a tax liability of 5,115 last year. They were entitled to tax credits of 112 ...
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library