Matt's real wage in 2014 is $26.80. If the price level is 104, what is Matt's nominal wage?
A) $30.80 B) $27.87 C) $26.80 D) $25.77
B
Economics
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Changing which of the following is a Federal Reserve monetary policy tool?
A) required reserve ratios B) desired reserve ratios C) excess reserve ratios. D) gold and foreign reserve ratios
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Assume the economy is experiencing a recessionary gap. Keynesian economists would support which of the following policies:
a. Nonstabilization b. Expansionary c. Nonintervention d. Fixed wage
Economics