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Author Question: The wage rate that is adjusted for changes in the price level over time is the (Read 73 times)

awywial

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on: Apr 19, 2019

Question 1

If the wage rate falls, consumption


◦ rises because the income and substitution effects are working in opposite directions to change consumption.
◦ falls because the income and substitution effects are both working in the same direction to decrease consumption.
◦ rises because the income and substitution effects are both working in the same direction to increase consumption.
◦ falls because the income and substitution effects are working in opposite directions to change consumption.

Question 2

The wage rate that is adjusted for changes in the price level over time is the


◦ expected future wage rate.
◦ nominal wage rate.
◦ real wage rate.
◦ money wage rate.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by awywial on Apr 19, 2019

Carliemb17

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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awywial

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Reply #2 on: Apr 19, 2019
Thanks


Carliemb17

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Reply #3 on: Apr 19, 2019
Welcome :)


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