Suppose you received a 3 percent increase in your nominal wage


1- suppose you received a 3 percent increase in your nominal wage. over the year inflation ran about 6 percent. which of the following is true? 

a- your real wage fell
b- your nominal wage fell
c- both real and nominal waged decreased 
d- although your nominal wage fell your real wage increased 
e- both real and nominal waged increased 

2- a decrease in person’s real wage necessarily means
a- lower purchasing power 
b- lower nominal wage
c- lower nominal wage after payment of taxes 
d- higher nominal wage 
e- a higher nominal wage after payment of taxes

3- the consumer price index measures the cost of
a- all goods and services produced in U.S. economy 
b- all goods produced in U.S. economy 
c- a fixed market basket of consumer goods and services in the U.S. economy 
d- a fixed market basket of producer goods and services 
e- food and energy in the U.S. economy 

4- unanticipated inflation tends to redistribute income across groups in society. among the winners are
a- those who loan money 
b- those on fixed incomes
c- small savers
d- those who borrow at fixed interest rate 
e- those who hold large amounts of cash

a- always reduces real income as long as it occurs at a positive rate 
b- never reduces real income 
c- reduces the real income of workers when wages increase more than price do 
d- reduces the real income of workers when wages increase less than price do
e- increases the real income of the workers only when wages increase less than prices do 

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

mahjong ways 2