If the exchange rate of the Swiss franc is 1.61 francs per dollar, then the Swiss franc is worth about

Which of the following is TRUE regarding the real wage rate? The real wage rate

I. is always greater than the money wage. II. measures the quantity of goods and services an hour's work can buy. A) only I B) only II C) both I and II D) neither I nor II

From the mid-1960s to the present, what would a graph of U.S. productivity rates against time reveal?

(a) A stable upward trend in the amount of output per paid hour (b) An unstable but upward trend (c) A U-shape (d) A downward trend