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 72 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
:D TYSM

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

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?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ... One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ...
Upper-Level Maps Upper-Level Maps
Effect of increasing temperature or lowering deltGo+ on the rates of reactions Effect of increasing temperature or lowering deltGo+ on the rates of reactions
Directions and Rates of Plate Motions Directions and Rates of Plate Motions
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: The Vestibular System

For a complete list of videos, visit our video library