If the nominal wage rate is £10 per hour and the price level is 2, then the real wage a worker earns is:
A) five units of goods per hour.
B) eight units of goods per hour.
C) twenty units of goods per hour.
D) one-fifth unit of goods per hour.
Correct Answer:
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Q18: The market clearing approach assumes that:
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Q20: One unit of money in the model
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