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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 69 times)

bobbysung

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

E


bobbysung

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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