A professor of economics gets a $100 a month raise. She figures that even with her new monthly salary she will be unable to buy as many goods and services as she could 12 months ago.
What will be an ideal response?
Her real salary has fallen and her nominal salary has risen
Economics
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Monetarists argue that aggregate demand is
A) vertical. B) horizontal. C) relatively unaffected by autonomous spending shifts. D) relatively unaffected by changes in the money supply.
Economics
The first major piece of antitrust legislation was
a. Clayton Act b. Celler-Kefauver Act c. Sherman Act d. Rockefeller Act e. Robinson-Patman Act
Economics
An increase in the personal income tax rate is an example of an expansionary fiscal policy
a. True b. False Indicate whether the statement is true or false
Economics
Real, rather than nominal, figures are important to use when making comparisons of incomes across time periods because
What will be an ideal response?
Economics