Multiple Choice
Last year your job at the university cafeteria paid you $9 an hour and the price of a music download was $1.00.This year your cafeteria job pays $9.90 per hour and download costs $1.10.You are clearly
A) worse off because of inflation.
B) worse off because the download is now relatively more expensive.
C) better off because your wage rate went up.
D) better off because the download now costs less work.
Correct Answer:
Verified
Correct Answer:
Verified
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