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Author Question: If nominal wage rates increase by 2 percent per year and the price level increases by 5 percent per ... (Read 84 times)

a0266361136

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on: Jun 30, 2018
If nominal wage rates increase by 2 percent per year and the price level increases by 5 percent per year, real wages will:
 a. increase by 3 percent per year.
  b. increase by 5 percent per year.
  c. increase by 2 percent per year.
  d. decrease by 5 percent per year.
  e. decrease by 3 percent per year.

Question 2

Suppose an individual can earn 3 percent interest on an annual term deposit. His opportunity cost of holding 100,000 in cash instead of investing in the term deposit will be:
 a. 3,300.
 b. 330.
 c. 1,000.
 d. 6,000.
 e. 3,000.


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Chou

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

e

Answer to Question 2

e


a0266361136

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  • Posts: 538
Reply 2 on: Jun 30, 2018
Excellent

FergA

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Reply 3 on: Yesterday
:D TYSM

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