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Book/movie review
22/08/2022
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
5-inflation:
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
The writer is very fast, professional and responded to the review request fast also. Thank you.
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