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

Author Question: If nominal wage rates increase by 5 percent per year and the price level increases by 3 percent per ... (Read 80 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
If nominal wage rates increase by 5 percent per year and the price level increases by 3 percent per year, which of the following is correct?
 a. Real wages will increase by 2 percent per year.
  b. Real wages will increase by 3 percent per year.
  c. Real wages will decrease by 3 percent per year.
  d. Real wages will decrease by 2 percent per year.
  e. Real wages will remain constant.

Question 2

Which of the following forms of money will earn at least some interest income?
 a. Gold coins
 b. Currency notes
 c. Traveler's checks
 d. Checkable deposits
 e. Gift checks


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
A weather map depicting the sea-level pressure distribution for March 4, 1994. A weather map depicting the sea-level pressure distribution for March 4, 1994.
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Normal change in sea level Normal change in sea level
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The tertiary level of protein structure for the respiratory pigment myoglobin The tertiary level of protein structure for the respiratory pigment myoglobin
Video: Types of Burns

For a complete list of videos, visit our video library