When firms decide how much labor to hire,one of the factors that influences them is the
A) nominal wage rate plus the inflation rate.
B) nominal wage rate divided by the price level and then multiplied by 100.
C) nominal wage rate minus the inflation rate.
D) real wage rate plus the inflation rate.
E) nominal wage rate divided by the inflation rate and then multiplied by 100.
Correct Answer:
Verified
Q169: A ham and cheese sandwich at the
Q170: During this year,nominal GDP in Syldavia was
Q171: If prices have increased since the base
Q172: Suppose that residents of France have seen
Q173: The GDP price index can be interpreted
Q175: In June 1960,the price of gasoline in
Q176: A change in the real wage rate
Q177: In order to determine if the quantity
Q178: If for a given year nominal GDP
Q179: If the GDP price index is 125
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents