Based on the graph showing an increase in the growth of the money supply, real wages initially fall because the increase in inflation rate is ______.
a. too small
b. too slow
c. expected
d. unanticipated
d. unanticipated
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What effect does an increase in the price of the firm's output have on its demand curve for labor? Why?
What will be an ideal response?
All other things remaining the same, a large increase in the net number of Mexican immigrant workers in the United States from Mexico causes:
a. U.S. GNP to be greater than the U.S. GDP. b. U.S. GNP to be less than the U.S. GDP. c. U.S. gross private domestic investment to rise. d. U.S. GNP to be greater than the U.S. GDP because U.S. gross private domestic investment rises
Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will
A. shift outward. B. rotate outward. C. rotate inward. D. shift inward.
Although financial capital is relatively mobile as an input, it is subject to a "home bias" in which people prefer to invest within their own country.
Answer the following statement true (T) or false (F)