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Author Question: If nominal wage rates increase by 5 percent per year and the price level increases by 3 percent per ... (Read 94 times)

arivle123

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on: Jun 30, 2018
If nominal wage rates increase by 5 percent per year and the price level increases by 3 percent per year, which of the following is correct?
 a. Real wages will increase by 2 percent per year.
  b. Real wages will increase by 3 percent per year.
  c. Real wages will decrease by 3 percent per year.
  d. Real wages will decrease by 2 percent per year.
  e. Real wages will remain constant.

Question 2

Which of the following forms of money will earn at least some interest income?
 a. Gold coins
 b. Currency notes
 c. Traveler's checks
 d. Checkable deposits
 e. Gift checks


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pallen55

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

a

Answer to Question 2

d


arivle123

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

abro1885

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

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