« previous next »

Author Question: The nominal wage represents: a. the wage measured in terms of the quantity of goods and services a ... (Read 64 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The nominal wage represents:
 a. the wage measured in terms of the quantity of goods and services a worker can purchase with it.
 b. the wage measured in terms of the dollar value of the goods and services a worker can purchase with it.
  c. the real wage from which personal taxes has been deducted.
 d. the standard of living of workers across time.
 e. the change in real wage brought about by changes in aggregate supply.

Question 2

The demand for money in an economy is high when the:
 a. real GDP is low.
 b. personal tax rate is low.
 c. unemployment rate is high.
 d. price level is high.
 e. interest rate is high.


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

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.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Frequently Used Computer Terms Frequently Used Computer Terms
One way to think about the different phases or stages of adulthood is in terms of the relative ... One way to think about the different phases or stages of adulthood is in terms of the relative ...
Directional Terms Directional Terms
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ... Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ...
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library