This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the percentage increase in nominal wage rates is less than the percentage increase in the price ... (Read 100 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If the percentage increase in nominal wage rates is less than the percentage increase in the price level, then:
 a. real wage rate rises and the unemployment rate falls.
  b. both real wage rate and the unemployment rate rises.
  c. both real wage rate and the unemployment rate falls.
  d. real wage rate rises and the unemployment rate remains unchanged.
  e. both real wage rate and the unemployment rate remains unchanged.

Question 2

If Pizza Hut decreases its price for a large pizza by 25 and this leads to a 75 increase in sales, we can conclude that demand is relatively elastic with regard to price over that range.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


schs14

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 30, 2018
Thank you


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Worldwide Mortality Rates and Causes of Death in Children Under Age 5 Worldwide Mortality Rates and Causes of Death in Children Under Age 5
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Newborns, infants, and children have a high percentage of body weight composed of water... Newborns, infants, and children have a high percentage of body weight composed of water...
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library