If workers realize that an increase in nominal wage rates does not necessarily constitute a rise in real wages, then we would expect:
a. an increase in employment.
b. a decrease in employment.
c. a downward movement along the Philips curve.
d. a rightward shift of the Phillips curve.
e. a leftward shift of the Phillips curve.
a
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If a bond was to pay off one year from now for $630 and was purchased for $600, what is the interest rate?
A) 3 percent B) 5 percent C) 15 percent D) 30 percent
"Economics deals with human needs." Do you agree or disagree? Why?
What will be an ideal response?
A decrease in the price level
A) shifts the SRAS curve to the right. B) shifts the SRAS curve to the left. C) causes an upward movement along the existing SRAS curve. D) causes a downward movement along the existing SRAS curve. E) none of the above
A sudden discovery of a new, massive source of uranium in New Mexico will likely cause the price of uranium to ________, which will ________ the quantity of uranium demanded by consumers
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease