Author Question: Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held ... (Read 65 times)

deesands

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Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?
 
  A) 50 B) 30 C) 40 D) 20

Question 2

Suppose the price of a product is 4 and the nominal wage that the firm must pay is 20. Then the firm's real wage is
 
  A) 5. B) 0.20. C) 4. D) 20. E) 80.



jointhecircus

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Answer to Question 1

A

Answer to Question 2

A



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