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Author Question: Todd's nominal wage increased by 5%, and the prices of goods that Todd buys increased by 3%. Todd's ... (Read 199 times)

piesebel

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Question 1

The wage rate that is adjusted for changes in ________ over time is the real wage rate.


◦ tax rates
◦ worker productivity
◦ the price level
◦ the average number of hours worked per week

Question 2

Todd's nominal wage increased by 5%, and the prices of goods that Todd buys increased by 3%. Todd's real wage has


◦ increased.
◦ remained constant.
◦ decreased.
◦ changed by 8%.


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Marked as best answer by piesebel on Apr 19, 2019

BUTTHOL369

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