If actual inflation is greater than expected inflation,
A) the unemployment rate rises. B) the Phillips curve is a vertical line.
C) real wages fall. D) real wages rise.
C
Economics
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How would an increase in prices in retail stores change the real value of the money you earn as wages?
What will be an ideal response?
Economics
In addition to advising the president, one duty of the Council of Economic Advisers is to
a. prepare the federal budget. b. write government regulations. c. advise Congress on economic matters. d. write the annual Economic Report of the President.
Economics