« previous next »

Author Question: If the price level rises faster than the money wage rate, the real wage rate falls. Indicate ... (Read 159 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
If the price level rises faster than the money wage rate, the real wage rate falls.
 
  Indicate whether the statement is true or false

Question 2

The figure above shows the price of a DVD player from 2003 to 2007.
 
  a) What type of graph is illustrated above?
  b) What is the trend in the price of a DVD player?


carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

a) The graph is a time-series graph because it plots time along the horizontal axis and the price of a DVD player along the vertical axis.
b) The trend in the price of a DVD player is negative, that is, the price of a DVD player has generally decreased from one year to the next.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

A Glitch Interrupts the Vela Pulsar’s Spindown Rate A Glitch Interrupts the Vela Pulsar’s Spindown Rate
Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ... Compute the rate of discount allowed on a rotor-tiller that lists for $341.00 and is sold for ...
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library