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 26 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

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
dinosaurs were real dinosaurs were real
If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ... If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ...
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Correct alignment for stacking the joints to apply thumb pressure to acupoints. Correct alignment for stacking the joints to apply thumb pressure to acupoints.
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library