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 75 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
YES! Correct, THANKS for helping me on my review

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase ( The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase (
Headsets are ergonomically correct and allow the medical assistant or receptionist to use both hands Headsets are ergonomically correct and allow the medical assistant or receptionist to use both hands
How lenses correct visual problems: (A) emmetropia; (B) myopia; (C) hyperopia; (D) corrected myopia; ... How lenses correct visual problems: (A) emmetropia; (B) myopia; (C) hyperopia; (D) corrected myopia; ...
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
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Number line (real numbers) Number line (real numbers)
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library