The real wage can increase only if the nominal wage increases
a. True
b. False
B
Economics
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The primary purpose of labor unions is to
A) ensure that workers receive adequate safety training. B) negotiate with employers about wages and working conditions. C) endorse candidates and donate money to them. D) ensure that all members earn identical incomes.
Economics
The production possibility frontier is used to illustrate the concept of
A. the laissez-faire economy. B. opportunity costs. C. aggregate demand. D. equilibrium.
Economics
A firm's demand curve for labor is equal to the
A. marginal wage. B. marginal revenue product. C. total revenue product. D. marginal factor cost.
Economics
Rapid growth in M2 is likely to lead to ________
A) low demand for labor B) high levels of inflation C) low levels of investment D) high real interest rates
Economics