If Justine's money wages tripled from 2015 to 2020 and the consumer price index tripled, we would know that Justine's real wages
A. fell substantially.
B. fell slightly.
C. stayed the same.
D. rose slightly.
C. stayed the same.
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Import restriction in advanced economies deny developing economies access to the food market of the advanced economies. The result is ________ price and ________ farm production in the developing economies
A) lower; larger B) lower; smaller C) higher; smaller D) higher; larger E) stable; smaller
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Country A would be using resources efficiently if it produced:
A. (500 iPods, 100 tablets). B. (500 iPods, 150 tablets). C. (500 iPods, 200 tablets). D. (500 iPods, 250 tablets).
If the rate of inflation is 6 percent, the nominal interest rate is 9%, and the unemployment rate is 7%, how much is the misery index?
What will be an ideal response?