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

Author Question: Suppose the real wage of a worker remains unchanged between Year 1 and Year 2 but the nominal wage ... (Read 88 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
Suppose the real wage of a worker remains unchanged between Year 1 and Year 2 but the nominal wage decreases from 20 in Year 1 to 18 in Year 2 . This implies that the price level has:
 a. increased by 20 percent.
  b. increased by 25 percent.
  c. remained unchanged.
 d. fallen by 10 percent.
 e. fallen by 20 percent.

Question 2

The demand for money will be high in an economy experiencing:
 a. a depression.
 b. hyperinflation.
 c. deflation.
 d. a recession.
 e. a sluggish population growth.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


abc

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
:D TYSM

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Forensic anthropologists working at a temporary morgue following the recovery of remains from a floo Forensic anthropologists working at a temporary morgue following the recovery of remains from a floo
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
The explosion of the Maine in Havana harbor, killing 260 men, caused much speculation in the newspap The explosion of the Maine in Havana harbor, killing 260 men, caused much speculation in the newspap
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library