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

Author Question: Suppose the price level increases by 5 percent and the nominal wages of workers increase by 3 ... (Read 79 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
Suppose the price level increases by 5 percent and the nominal wages of workers increase by 3 percent during a particular year. This implies that the real wage has:
 a. declined by 2 percent.
 b. declined by 8 percent.
 c. also increased by 2 percent.
  d. also increased by 8 percent.
  e. remained constant.

Question 2

The opportunity cost of holding money increases when:
 a. the interest rate rises.
 b. the interest rate falls.
 c. the price level falls.
 d. nominal GDP rises.
 e. nominal GDP falls.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Themember4

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 30, 2018
Thank you


duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

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?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles. The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles.
Percent of Selected Foods and Beverages Consumed in the United States Percent of Selected Foods and Beverages Consumed in the United States
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
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: Transferring genes into plants Animation

For a complete list of videos, visit our video library