Suppose the price of a product is $4 and the nominal wage that the firm must pay is $20. Then the firm's real wage is

A) $5. B) $0.20. C) $4. D) $20. E) $80.

A

Economics

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If the interest rate is 10%, then $1 today is worth how much one year from now?

A) $1.10 B) $1.00 C) $0.91 D) $0.90

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