When wages are fixed by contract, inflation reduces
a. nominal wages; this likely makes labor markets more flexible.
b. nominal wages; this likely makes labor markets less flexible.
c. real wages; this likely makes labor markets more flexible.
d. real wages; this likely makes labor markets less flexible.
c
Economics
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Prohibiting the use of “dirty” fuels by industry is an example of
A. voluntarism. B. direct controls. C. taxes on emissions. D. the permit to pollute.
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From 2001 to 2015, the U.S. economy experienced three recessions.
Answer the following statement true (T) or false (F)
Economics
The price elasticity of demand would most likely be the lowest for
A) a house. B) salt. C) a Toyota sport utility vehicle. D) Shell gasoline.
Economics
The nominal rate of interest is
Economics