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 69 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!

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim
A typical bank statement. A typical bank statement.
Tag identify that the power has been removed and service work is being done. Tag identify that the power has been removed and service work is being done.
Converting the universal gas constant Converting the universal gas constant
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library