Solved

If the Nominal Wages of Carpenters Rose by 1 Percent

Question 84

Multiple Choice

If the nominal wages of carpenters rose by 1 percent in 2019 and the price level increased by 4 percent, then the real wages of carpenters

A) decreased by 4 percent.
B) decreased by 3 percent.
C) increased by 3 percent.
D) increased by 5 percent.

Related Questions

Q79: In 2018, food workers had a much

Q80: One clear effect of labor unions is

Q81: Other things constant, which of the following

Q82: Commissions or royalties may be an inexpensive

Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q86: If the nominal wage rises by 6

Q87: Over the long run, real earnings per

Q88: Education is a form of human capital,

Q89: Since 1960, real hourly compensation in the