Solved

If Productivity Growth Is 2 Percent and Inflation Is 5

Question 152

Multiple Choice

If productivity growth is 2 percent and inflation is 5 percent, on average, nominal wage increases will be:

A) 2 percent.
B) 3 percent.
C) 5 percent.
D) 7 percent.

Related Questions

Q147: If inflation increases unexpectedly, then:<br>A)borrowers tend to

Q148: Consider the following Phillips curve diagram: <img

Q149: Non-economists often say that inflation makes the

Q150: If the money supply is 500 and

Q151: Given the basic rule of thumb for

Q153: Stagflation is a combination of:<br>A)low and decelerating

Q154: On the short-run Phillips curve, the expectations

Q155: Refer to the graph shown. Expectations of

Q156: If the velocity of money is about

Q157: Suppose the U.S. money supply increases from