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Author Question: Employees at the university have negotiated a 5 percent increase in wages for the next year, based ... (Read 105 times)

RODY.ELKHALIL

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on: Jun 29, 2018
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 4 percent over the next year, which of the following will occur?
 
  A) Real wages for university employees will rise.
  B) Unemployment of university employees will fall.
  C) The decrease in inflation is expected.
  D) Inflation will be 5 percent the following year.

Question 2

Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 6 percent over the next year, which of the following will occur?
 
  A) Real wages for university employees will fall.
  B) The increase in inflation is expected.
  C) Inflation will be 5 percent the following year.
  D) Unemployment of university employees will rise.

Question 3

Matt's real wage in 2014 is 26.80. If the price level is 104, what is Matt's nominal wage?
 
  A) 30.80 B) 27.87 C) 26.80 D) 25.77


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jackie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Beautifully done Thanks

Answer to Question 2

OMG..This is soo helpful. Thank you.

Answer to Question 3

B


RODY.ELKHALIL

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Reply #2 on: Jun 29, 2018
Thank you :)


jackie

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Reply #3 on: Jun 29, 2018
Happy to help you


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