« previous next »

Author Question: The nominal wage represents: a. the wage measured in terms of the quantity of goods and services a ... (Read 69 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?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt. Skin signs are objective evidence of an illness or disorder. They can be seen, measured, or felt.
Sample of an informed consent to perform an operation, sedation, anesthesia, and other medical servi Sample of an informed consent to perform an operation, sedation, anesthesia, and other medical servi
Frequently Used Computer Terms Frequently Used Computer Terms
Radiation Quantity and Quality Radiation Quantity and Quality
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
How to combine like-terms in expressions containing multi-brackets How to combine like-terms in expressions containing multi-brackets
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library