When the CPI increases from 200 in 2010 to 210 in 2011 and the nominal wage rate is constant at $10 an hour, the real wage rate ______
A. increases by 10 percent
B. increases to $15 an hour
C. decreases by 5 percent
D. is $10 an hour
C The nominal wage rate falls from [($10 ÷ 200) × 100], which is $5.00, to [($10 ÷ 210) × 100], which is $4.76, a fall of 5 percent.
Economics
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Which of the following was seen by labor as an antilabor piece of legislation?
a. Taft-Hartley Act of 1947 b. Civil Rights Act of 1964 c. Norris-LaGuardia Act of 1932 d. Wagner Act of 1935 e. Clayton Act of 1914
Economics