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

Author Question: Identify the correct statement. a. In periods of low inflation, real wages are constant but nominal ... (Read 53 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Identify the correct statement.
 a. In periods of low inflation, real wages are constant but nominal wages decline.
 b. If the price level increases, real wages will increase.
 c. If the price level increases, nominal wages will fall.
 d. In periods of high inflation, real wages change even if nominal wages remain constant.
  e. If the inflation rate is high, real wages and nominal wages change by the same amount.

Question 2

The demand for money is a relationship between:
 a. the price level and the amount of cyclical unemployment.
 b. the price level and the actual output produced in an economy.
 c. the interest rate and how much money people choose to hold.
 d. the interest rate and how much money people earn during a certain time period.
  e. the interest rate and the rate of inflation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


viki

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Gracias!

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Parabola Real World Example Parabola Real World Example
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Effect of Education on Wages Effect of Education on Wages
Can you identify the banding patterns predicted by each model after the first round of ... Can you identify the banding patterns predicted by each model after the first round of ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
The charge for telephone calls T is partly constant and partly varies with the number N of ... The charge for telephone calls T is partly constant and partly varies with the number N of ...
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library