The Treasury bill auction is over when the market reaches the

If the Consumer Price Index (CPI) decreases from 100 to 50 and the nominal wage decreases from $200 to $50, what is the change in the real wage in terms of the beginning year's dollars?

a. +$200 b. -$100 c. +$50 d. -$200 e. +$250

Because public debt is not evenly held by the public,

a. there may be a disproportionate burden on the wealthy who could pay more in taxes than they get back in interest b. there is no disproportionate burden in the economy because, on average, tax payments and interest payments balance out c. the middle class benefits because the rich pay high taxes and the poor hold few bonds d. there is a disproportionate burden on debt holders because interest payments are not tax deductible e. there may be a disproportionate burden on the poor in the economy because they may end up paying more in taxes than they receive in interest payments