The nominal wage is the wage rate adjusted for changes in the price level
Indicate whether the statement is true or false
FALSE
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In what year did the mutual fund industry in the United States begin?
A) 1812 B) 1924 C) 1974 D) 1990
[Appendix; Advanced Material] If an airline company decides to buy smaller jets with fewer seats, then the problem of:
a. spillage and spoilage both increase. b. spillage decreases, but spoilage increases. c. spillage and spoilage both decrease. d. spoilage decreases, but spillage increases.
Jose pays a tax of $24,000 on his income of $60,000 . while Richard pays a tax of $3,000 on his income of $30,000 . This tax is:
a. a flat tax. b. progressive. c. proportional. d. regressive.
The natural rate of unemployment
a. is an artificially low rate that cannot be maintained. b. is a constant rate that is unaffected by changes in public policy. c. is the rate of unemployment present when the economy is operating at full employment. d. is equal to the number of persons unemployed divided by the number in the labor force.