1.9 If inflation was 10% in a particular year and you received a 20% increase in...
1.9 If inflation was 10% in a particular year and you received a
20% increase in income during the same
year, then over the year your:
a) real and nominal income both fell.
b) real and nominal income both rose.
c) real income fell, but nominal income rose.
d) real income rose, but nominal income fell.
e) nominal income rose, but real income was unchanged.
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1.9 If inflation was 10% in a particular year and you received a
20% increase in...
1.19. A decrease in the price level will
1.19. A decrease in the price level will A shift the AS curve to the left. B. shift the AS curve to the right. C. shift the AD curve to the left. D. shift the AD curve to the right. E. leave both the AD curve and the AS curve unchanged. 1.20 If inflation was 10% in a particular year and you received a 20% increase in income during the same year, then over the year your: A real and nominal income both fell. real and nominal income...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the year. At the same time inflation was 6 percent. Therefore real GDP a fell by 10 percent. b. fell by 4 percent. c. rose by 10 percent. d. rose by 6 percent. e. none of the above. 14. One of the major determinants of increasing real GDP per capita and therefore a country's standard of living is a. increasing labour productivity. b. decreasing labour...
9:02 ร LTE 25. Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes a. your nominal wage increase. If your nominal wage rose by a greater percent...
9:02 ร LTE 25. Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes a. your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased b. your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased c. your real wage increase. If your real wage...
need it as soo as posible please, thanks Macroeconmics received a 39 increase in your bominal...
need it as soo as posible please, thanks
Macroeconmics
received a 39 increase in your bominal wage and over the year, ination ran about 30) Suppose you received a Which of the following is nie? a) your nominal wage fell b) your real wage feil c) although your nominal wage fell your real waye d) both nominal and real wages increased 31) The actual rate of unemploy rate of employment will be greater than the naturale actual output in weater...
Suppose you compare your income this year and last year and find that your nominal income...
Suppose you compare your income this year and last year and find that your nominal income fell but your real income rose. How could this have happened?
17. When the inflation rate rises, the purchasing power of nominal income: a remains unchanged. c....
17. When the inflation rate rises, the purchasing power of nominal income: a remains unchanged. c. increases b. decreases d. changes by the inflation rate minus one. 18. Inflation is defined as an increase in: a real wages of workers. b. real GDP c. the average price level. d. all consumer products. 19. Those hurt by inflation include: a. labor unions with COLA clauses. b. borrowers. savers d. owners of real estate. e owners of precious metals, antiques, and works...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI at the beginning of the period was 86 and at the end of the 10-year period is 100.7 marks Has the percent change in your real after-tax income from the beginning to the end of the 10 period matched the change in after-tax nominal income? Has the change in your real income kept up with the inflation rate? nswers should be to nearest dollar...
A) Structurally unemployed. B) Cyclically unemployed. CV Frictionally unemployed D Seasonally unemployed. 15. Inflation is: A)...
A) Structurally unemployed. B) Cyclically unemployed. CV Frictionally unemployed D Seasonally unemployed. 15. Inflation is: A) A rise in the price of every good and service. B) An increase in relative prices of all goods and services. A situation in which purchasing power increases (D) An increase in the average level of prices of goods and services. 16. Real income is: A) Nominal income adjusted for inflation B) The amount of money income received in a given time period, measured...
Suppose that expected inflation rises by 8 percent at the same time that the yields on...
Suppose that expected inflation rises by 8 percent at the same time that the yields on money and on non-money assets both rise by 8 percent. What will happen to the demand for money? The expected real yields on money and on non-money assets (Click to select) and the demand for money ( (Click to select) What if ex cted inflation rose by only 7 percent? The expected real yields on money and on non-money assets both and the demand...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
13. In a particular country, the gross domestic product (GDP) increased by 10 percent during the year. At the same time inflation was 6 percent. Therefore real GDP a fell by 10 percent. b. fell by 4 percent. c. rose by 10 percent. d. rose by 6 percent. e. none of the above. 14. One of the major determinants of increasing real GDP per capita and therefore a country's standard of living is a. increasing labour productivity. b. decreasing labour...
9:02 ร LTE 25. Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes a. your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased b. your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased c. your real wage increase. If your real wage...
need it as soo as posible please, thanks
Macroeconmics
received a 39 increase in your bominal wage and over the year, ination ran about 30) Suppose you received a Which of the following is nie? a) your nominal wage fell b) your real wage feil c) although your nominal wage fell your real waye d) both nominal and real wages increased 31) The actual rate of unemploy rate of employment will be greater than the naturale actual output in weater...
17. When the inflation rate rises, the purchasing power of nominal income: a remains unchanged. c. increases b. decreases d. changes by the inflation rate minus one. 18. Inflation is defined as an increase in: a real wages of workers. b. real GDP c. the average price level. d. all consumer products. 19. Those hurt by inflation include: a. labor unions with COLA clauses. b. borrowers. savers d. owners of real estate. e owners of precious metals, antiques, and works...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI at the beginning of the period was 86 and at the end of the 10-year period is 100.7 marks Has the percent change in your real after-tax income from the beginning to the end of the 10 period matched the change in after-tax nominal income? Has the change in your real income kept up with the inflation rate? nswers should be to nearest dollar...
A) Structurally unemployed. B) Cyclically unemployed. CV Frictionally unemployed D Seasonally unemployed. 15. Inflation is: A) A rise in the price of every good and service. B) An increase in relative prices of all goods and services. A situation in which purchasing power increases (D) An increase in the average level of prices of goods and services. 16. Real income is: A) Nominal income adjusted for inflation B) The amount of money income received in a given time period, measured...
Suppose that expected inflation rises by 8 percent at the same time that the yields on money and on non-money assets both rise by 8 percent. What will happen to the demand for money? The expected real yields on money and on non-money assets (Click to select) and the demand for money ( (Click to select) What if ex cted inflation rose by only 7 percent? The expected real yields on money and on non-money assets both and the demand...
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