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Author Question: The real wage is equal to the: a. wage measured in terms of the quantity of goods and services it ... (Read 68 times)

RYAN BANYAN

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on: Jun 30, 2018
The real wage is equal to the:
 a. wage measured in terms of the quantity of goods and services it buys.
 b. wage measured in terms of the dollar value of the goods and services it buys.
  c. nominal wage net of taxes paid on wages.
 d. non-wage benefits received by workers.
 e. product of the nominal wage and the price level.

Question 2

Which of these is a flow variable?
 a. Money
 b. Income
 c. Jewelry
 d. Bank deposit
 e. Foreign currency reserve


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owenfalvey

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

a

Answer to Question 2

b


RYAN BANYAN

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

scikid

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Reply 3 on: Yesterday
Excellent

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