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Author Question: If you negotiated a salary based on an anticipated inflation rate of 4 percent, and the actual ... (Read 98 times)

michelleunicorn

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on: Jun 30, 2018
If you negotiated a salary based on an anticipated inflation rate of 4 percent, and the actual inflation rate turned out to be 6 percent
 
  A) your employer would have gained at your expense.
  B) your real wage will increase, but your nominal wage will decrease.
  C) the purchasing power of your wages will not change, since purchasing power is based on your nominal wage.
  D) the purchasing power of your real wages would be more than you anticipated.

Question 2

The quantity of real GDP supplied decreases if the price level ________ because it ________ profits.
 
  A) falls; decreases
  B) rises; increases
  C) rises; decreases
  D) falls; increases
  E) None of the above answers is correct because the AS curve is vertical so that the quantity of real GDP supplied does not change when the price level changes.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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nathang24

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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michelleunicorn

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
:D TYSM

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