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Author Question: The nominal interest rate: a. varies directly with the rate of expected inflation in an economy. b. ... (Read 38 times)

geodog55

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on: Jun 30, 2018
The nominal interest rate:
 a. varies directly with the rate of expected inflation in an economy.
 b. is the interest rate expressed in dollars of constant purchasing power.
 c. equals the difference between the real interest rate and the inflation rate.
 d. is the basis for decisions taken by the lenders and the borrowers in an economy.
  e. is the percentage increase in the average price level from one year to the next.

Question 2

Describe the comparable worth controversy?


carlsona147

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

Although a comparable worth pay system may help eliminate wage discrimination, many economists are critical of such a pay system. They argue there are many subtle differences between jobs that help explain wage differentials that have nothing to do with discrimination. Economists do not deny the negative consequences associated with discrimination. But, they do argue that a bureaucratically administered comparable worth pay system may offer little, if any improvement. Most economists favor other methods to address discrimination.


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