If the nominal wage is $30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984 dollars
A) is $14.85.
B) is $30.
C) is $1.48.
D) is $29.00.
E) cannot be calculated without the past year wage rate.
A
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All else held constant, the international value of foreign currencies will increase against the U.S. dollar if ________.
A. U.S. citizens reduce spending on imports B. there are withdrawals of funds by foreigners from U.S. money markets C. there is an increase in the number of foreign tourists in the United States D. the U.S. Federal Reserve raises real interest rates
Which equation is a plausible aggregate demand curve?
A) ? = 2 + 0.3Y B) Y = 50 - 1.25? C) Y = 250 - 80r D) ? = 5 - 0.4 (U – 6 ) E) none of the above
The per-unit burden of the tax on buyers is
A. $10 B. $14 C. $6 D. $8
The hallmark of Clintonomics was first to reduce the budget deficit.
Answer the following statement true (T) or false (F)