In 1992, the base year, you were earning $500/week. Your wages rose to $900 in 2001, the current year, when the Consumer Price Index stood at 150. What statement can you make about what happened to your real wages over this period?
A. They rose.
B. They fell.
C. They remained the same.
D. There is not enough information to determine whether they rose, fell, or remained the same.
A. They rose.
Economics
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Fed policy since the early 1990s indicates that it is pursuing a policy of targeting the
A) monetary base. B) money supply. C) federal funds interest rate. D) exchange rate.
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Which of the following is NOT a practice that prevents risk-shifting by a borrower?
A) limited-liability ownership B) placing liens on collateral C) personal guarantees D) restrictive covenants
Economics