If the nominal wage is €10 per hour and the expected price level is 5 and the actual price level is 4, then actual nominal wage rate is:
A) €10.
B) €2.50.
C) €2.
D) none of the above.
Correct Answer:
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Q1: If the nominal wage is €10 per
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Q6: We would expect households to have the
Q7: If the nominal wage rises from €10
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Q9: If the nominal wage is €10 per
Q10: If the nominal wage is €10 per
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