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

Author Question: If nominal wage rates increase by 2 percent per year and the price level increases by 5 percent per ... (Read 26 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
If nominal wage rates increase by 2 percent per year and the price level increases by 5 percent per year, real wages will:
 a. increase by 3 percent per year.
  b. increase by 5 percent per year.
  c. increase by 2 percent per year.
  d. decrease by 5 percent per year.
  e. decrease by 3 percent per year.

Question 2

Suppose an individual can earn 3 percent interest on an annual term deposit. His opportunity cost of holding 100,000 in cash instead of investing in the term deposit will be:
 a. 3,300.
 b. 330.
 c. 1,000.
 d. 6,000.
 e. 3,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chou

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

e


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Any number of crossovers gives 50 percent recombinants Any number of crossovers gives 50 percent recombinants
Cesarean Section Rates, Selected Countries Cesarean Section Rates, Selected Countries
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
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library