« previous next »

Author Question: The nominal wage represents: a. the wage measured in terms of the quantity of goods and services a ... (Read 66 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The nominal wage represents:
 a. the wage measured in terms of the quantity of goods and services a worker can purchase with it.
 b. the wage measured in terms of the dollar value of the goods and services a worker can purchase with it.
  c. the real wage from which personal taxes has been deducted.
 d. the standard of living of workers across time.
 e. the change in real wage brought about by changes in aggregate supply.

Question 2

The demand for money in an economy is high when the:
 a. real GDP is low.
 b. personal tax rate is low.
 c. unemployment rate is high.
 d. price level is high.
 e. interest rate is high.


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Establishing a caring and trusting relationship helps the client come to terms with a terminal illne Establishing a caring and trusting relationship helps the client come to terms with a terminal illne
Inflated Phrases Compared with Concise Terms Inflated Phrases Compared with Concise Terms
Categories of E&M Codes Used for Medical Office Services Categories of E&M Codes Used for Medical Office Services
HCPCs Modifiers Used for Medical Office Services HCPCs Modifiers Used for Medical Office Services
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Video: Audiology

For a complete list of videos, visit our video library