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Author Question: The real wage rate is the ________ divided by the ________. A) equilibrium quantity of ... (Read 123 times)

panfilo

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on: Jun 30, 2018
The real wage rate is the ________ divided by the ________.
 
  A) equilibrium quantity of employment; potential GDP
  B) nominal wage rate; inflation rate
  C) nominal wage rate; price level
  D) quantity of labor demanded; quantity of labor supplied
  E) quantity of labor supplied; quantity of labor demanded

Question 2

When the ratio of domestic prices to foreign prices falls:
 
  A) the real exchange rate depreciates only when the nominal exchange rate depreciates.
  B) the real exchange rate depreciates even when the nominal exchange rate is constant.
  C) the real exchange rate appreciates.
  D) the real exchange rate depreciates only when the nominal exchange rate appreciates.


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Kingjoffery

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


panfilo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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