When industrial unions negotiate with an entire industry, wage gains come at the cost of
a. longer working hours
b. worse working conditions
c. reduced total employment
d. worse products
e. longer hours
C
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Matt's real wage in 2014 is $26.80. If the price level is 104, what is Matt's nominal wage?
A) $30.80 B) $27.87 C) $26.80 D) $25.77
If the marginal propensity to consume is 0.5 and disposable income increases by $10,000 . by how much will consumption spending increase?
a. $10,000 b. $500 c. $50 d. $5,000 e. $9,524
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90
Explain the concept of purchasing power parity
What will be an ideal response?