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Author Question: In a particular year, if the price level rises by 4 percent and the nominal wage of workers rises by ... (Read 63 times)

brutforce

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on: Jun 30, 2018
In a particular year, if the price level rises by 4 percent and the nominal wage of workers rises by 6 percent, we can conclude that the real wage has:
 a. fallen by 2 percent.
 b. fallen by 10 percent.
 c. increased by 2 percent.
  d. increased by 10 percent.
  e. remained constant.

Question 2

The demand for money is based primarily on money's role as a(n):
 a. measure of wealth.
 b. medium of exchange.
 c. standard of economic well-being.
 d. interest-bearing asset.
 e. non-interest-bearing asset.


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ju

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


brutforce

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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