Unemployment caused by the normal labor turnover is called ________ unemployment
A) part-time
B) frictional
C) involuntary
D) cyclical
B
Economics
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What is the water and diamonds paradox of value and what is its resolution?
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Economics
YearAntonio's Hourly wageConsumer Price Index2006$8.40201.62010$9.05218.1 Refer to Table 8.2. From 2006 to 2010, Antonio received a total of $0.65 in pay raises, and the CPI also increased as shown in the table. What happened to Antonio's real wage from 2006 to 2010?
A. It rose because Antonio's nominal wage and the CPI were both higher in 2010 than in 2006. B. It fell because Antonio's nominal wage rose more slowly than did the CPI. C. It rose because $9.05 is greater than $8.40. D. It fell because the change in the CPI was 16.5, which is greater than Antonio's wage.
Economics