If w is the growth rate of the nominal wage rate, p is the inflation rate as measured by the price deflator for total GDP, y is the growth rate for total domestic product, and n is the growth rate of labor, then the growth of real wage is ________

A) wp/n
B) y - p
C) w - p
D) wn/p

C

Economics

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The ________ the price level, the ________

A) higher; smaller the supply of money B) higher; greater the demand for money C) higher; greater the supply of money D) lower; greater the demand for money E) higher; smaller the demand for money

Economics

Which of the following changes aggregate supply and shifts the AS curve? i. a change in the price of a major resource ii. increases in the amount of capital iii. a change in the money income of consumers

A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii

Economics