« previous next »

Author Question: If the price level rises faster than the money wage rate, the real wage rate falls. Indicate ... (Read 127 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
If the price level rises faster than the money wage rate, the real wage rate falls.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows the price of a DVD player from 2003 to 2007.
 
  a) What type of graph is illustrated above?
  b) What is the trend in the price of a DVD player?


carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

a) The graph is a time-series graph because it plots time along the horizontal axis and the price of a DVD player along the vertical axis.
b) The trend in the price of a DVD player is negative, that is, the price of a DVD player has generally decreased from one year to the next.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Level II HCPCs Codes Level II HCPCs Codes
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library