When firms decide how much labor to hire, one of the factors that influences them is the
A) nominal wage rate plus the inflation rate.
B) nominal wage rate divided by the price level and then multiplied by 100.
C) nominal wage rate minus the inflation rate.
D) real wage rate plus the inflation rate.
E) nominal wage rate divided by the inflation rate and then multiplied by 100.
B
Economics
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In the figure above, with the rent ceiling
A) there is a shortage of 3,000 units. B) there is a surplus of 3,000 units. C) there is a surplus of 2,000 units. D) there is a shortage of 1,000 units. E) the market is in equilibrium.
Economics
Who can determine the true cost of a tin whistle?
A) A good accountant B) A good economist C) A good tin whistle collector D) Nobody
Economics