The nominal wage rate is the
A) minimum hourly wage that a company can legally pay a worker.
B) average hourly wage rate measured in the dollars of a given reference base year.
C) minimum hourly wage rate measured in the dollars of a given reference base year.
D) average hourly wage rate measured in current dollars.
E) wage rate after inflation has been adjusted out of it.
Correct Answer:
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Q220: If the real interest rate is 5
Q221: Since 1981,the
A)real wage rate increased steadily.
B)nominal wage
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A)can be interpreted as
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I.nominal GDP divided
Q226: If we look at real and nominal
Q227: The real interest rate is equal to
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Q229: In the 1970s,a period of a high
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