Author Question: A decrease in a person's real wage necessarily means: a. lower purchasing power. b. a lower nominal ... (Read 47 times)

cool · **on:** Jun 30, 2018

A decrease in a person's real wage necessarily means:
a. lower purchasing power.
b. a lower nominal wage.
c. a lower personal disposable income.
d. a higher nominal wage.
e. a higher personal disposable income.

Question 2

Negative income tax plans have the advantage of increasing work incentives in comparison to existing welfare programs without work incentives.
a. True
b. False
Indicate whether the statement is true or false