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Author Question: If your wages are indexed so that they automatically adjust for inflation, in a period of continued ... (Read 37 times)

ENagel

  • Hero Member
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  • Posts: 540
on: Jun 30, 2018
If your wages are indexed so that they automatically adjust for inflation, in a period of continued high inflation, the cost of the goods and services you buy ____ and your nominal income ____.
 a. decreases, decreases
 b. increases, increases
 c. decreases, remains the same
  d. increases, remains the same

Question 2

Since the U.S. is organized as a market economy, the government sector does not play any role in economic activity.
 a. True
  b. False
  Indicate whether the statement is true or false


sarah_brady415

  • Sr. Member
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  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


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