If the percentage increase in nominal wage rates is less than the percentage increase in the price level, then:
a. real wage rate rises and the unemployment rate falls.
b. both real wage rate and the unemployment rate rises.
c. both real wage rate and the unemployment rate falls.
d. real wage rate rises and the unemployment rate remains unchanged.
e. both real wage rate and the unemployment rate remains unchanged.
c
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In the table above, the number of marginally attached workers is ________
A) 40 million B) 6 million C) 2 million D) 4 million
After World War II (1941–45), the U.S. public debt
(a) remained unchanged in 1947 even though the government ran a budget surplus (government expenditures fell below revenues in 1947). (b) continued to rise even though the government ran a budget surplus at times. (c) decreased even though the government ran a budget surplus continuously. (d) remained high while the government continuously ran deficits.