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Author Question: A worker has negotiated a nominal wage contract with his employer for a period of 3 years. Which of ... (Read 21 times)

Hungry!

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on: Jun 30, 2018
A worker has negotiated a nominal wage contract with his employer for a period of 3 years. Which of the following will happen if the rate of inflation rises beyond the worker's expectation during this period?
 
  A) The worker's real wage will increase. B) The worker will be better off.
  C) The company's shareholders will be worse off. D) The worker will be worse off.

Question 2

The reversal of fortune is strong evidence against the:
 
  A) religious hypothesis of economic prosperity. B) geography hypothesis of economic prosperity.
  C) culture hypothesis of economic prosperity. D) institutions hypothesis of economic prosperity.


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bigcheese9

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

D

Answer to Question 2

B


Hungry!

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Reply 2 on: Jun 30, 2018
Wow, this really help

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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