If the nominal wages of carpenters rose by 5 percent in 2013 and the price level increased by 3 percent, then the real wages of carpenters:

A. decreased by 2 percent.
B. increased by 2 percent.
C. increased by 3 percent.
D. increased by 8 percent.

Answer: B

Economics

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During the financial crisis of 2007-2009 the interest rate on mortgage-backed securities had

a. increased and the Treasury interest rate had risen. b. increased and the Treasury interest rate had fallen. c. decreased and the Treasury interest rate had risen. d. decreased and the Treasury interest rate had fallen.

Economics

Refer to the data provided in Table 10.3 below to answer the following question(s).   Table 10.3 Refer to Table 10.3. Marginal revenue product of the ________ worker is $1,000.

A. second B. third C. fourth D. fifth

Economics