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Author Question: The real wage rate measures the A) quantity of goods and services that an hour of work will buy. ... (Read 204 times)

joblessjake

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on: Jun 29, 2018
The real wage rate measures the
 
  A) quantity of goods and services that an hour of work will buy.
  B) average weekly earnings in dollars of a worker.
  C) dollar value of an hour of work.
  D) dollar value of what a worker could earn in another job.

Question 2

The dollar is regarded as the safe haven currency; investors flock to it when they are worried about the outlook for the global economy.
 
  Fears were at their greatest in late 2008 and early 2009 after the collapse of the Lehman Brothers investment bank in September 2008. As investors flocked to the dollar A) the demand for dollars increased and the exchange rate increased.
  B) the demand for dollars decreased and the exchange rate decreased.
  C) the supply of dollars increased and the exchange rate decreased.
  D) the supply of dollars decreased and the exchange rate increased.


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shaikhs

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

A

Answer to Question 2

A


joblessjake

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


shaikhs

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


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