If we look at the nominal versus real wage rates paid to Presidents over time, we find that
A) the nominal wage has increased and decreased at different times because of inflation.
B) George W. Bush's nominal wage is about equal to the average nominal wage paid all presidents.
C) the real wage rate has steadily increased to $400,000 per year.
D) George Washington was paid a higher real wage rate than Bill Clinton.
E) George W. Bush is the highest paid according to real wage rates.
D
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Which of the following is false?
A. The U.S. has had twelve recessions since January 1945. B. The U.S. has had a great deal of stagflation in the 1970s. C. The U.S. has not had a depression since the 1930s. D. The U.S. had rising inflation all throughout the 1990s.
Who faces trade-offs?
A) individuals B) households C) governments D) all of the above
Urban Outfitters wants to raise $25 million to finance the construction of a new store, and the company wishes to raise the funds through direct finance. Which of the following methods could it use?
A) It could issue $25 million in stock. B) It could borrow $25 million from a bank. C) It could sell $25 million in bonds. D) It could choose either A or C.
The combination of inefficiently high demand and dwindling quantity leads to what is called:
A. the free rider problem. B. nonexcludable consumption. C. rival in consumption. D. the tragedy of the commons.