« previous next »

Author Question: Suppose the real wage remains unchanged between Year 1 and Year 2 but the nominal wage increases ... (Read 119 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Suppose the real wage remains unchanged between Year 1 and Year 2 but the nominal wage increases from 20 to 24 . Based on this information, we can conclude that the price level has:
 a. increased by 20 percent.
  b. increased by 25 percent.
  c. remained unchanged.
 d. decreased by 10 percent.
  e. decreased by 20 percent.

Question 2

The opportunity cost of holding money is measured by the:
 a. interest rate.
 b. liquidity lost by holding money.
 c. money supply curve.
 d. inflation rate.
 e. cost of cashing in financial assets.


bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Chinese Dragon new year 2024 Chinese Dragon new year 2024
Video: Asthma Treatment

For a complete list of videos, visit our video library