An associate professor of physics gets a $200 a month raise. She figures that with her new monthly salary she can buy more goods and services than she could buy last year
a. Her real and nominal salary have risen.
b. Her real and nominal salary have fallen.
c. Her real salary has risen and her nominal salary has fallen.
d. Her real salary has fallen and her nominal salary has risen.
a
Economics
You might also like to view...
Social insurance taxes are paid by wages and investment income
Indicate whether the statement is true or false
Economics
Smooth Concrete is a local firm specializing in concrete driveways. Considering that concrete is very heavy, Smooth Concrete is more likely to ________ its own concrete to ________ transportation costs.
A) make; reduce B) buy; reduce C) buy; increase D) make; increase
Economics