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Author Question: In 2012, the nominal wage rate for unionized carpenters was 37.50 and the CPI was 204. Calculate the ... (Read 80 times)

bobbysung

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In 2012, the nominal wage rate for unionized carpenters was 37.50 and the CPI was 204. Calculate the real wage rate for this group of workers.
 
  A) 5.44 B) 18.38 C) 47.09 D) 1.84 E) 37.50

Question 2

Which of the following is NOT part of the business cycle?
 
  A) recession B) expansion C) peak D) trough E) inflation



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yifu223

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Answer to Question 1

B

Answer to Question 2

E




bobbysung

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


bdobbins

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Reply 3 on: Yesterday
:D TYSM

 

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