If the nominal wages of carpenters rose by 5 percent in 2013 and the price level increased by 3 percent, then the real wages of carpenters
A) decreased by 2 percent.
B) increased by 2 percent.
C) increased by 3 percent.
D) increased by 8 percent.
Correct Answer:
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Q13: Increases in the productivity of labor result
Q14: The long-run trend of real wages
A) cannot
Q15: If the nominal wage rises by 4
Q16: Which of the following is correct?
A) The
Q17: According to international comparisons, which nation had
Q19: The market supply curve for labor is
Q20: Real wages in the United States are
A)
Q21: A monopsonistic employer in an unorganized (nonunion)
Q22: The labor supply curve facing a purely
Q23: In a monopsonistic labor market, the employer
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