Multiple Choice
-Refer to Table 12.3. Between year 1 and year 2, the real wage
A) decreased by 50 percent.
B) increased by 50 percent.
C) increased by 33.3 percent.
D) decreased by 33.3 percent.
E) decreased by 25 percent.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: One of the goals of macroeconomic policy
Q54: The aggregate quantity of goods and services
Q55: Demand-pull inflation occurs when there is a
Q56: Government spending is set by the federal
Q57: Figure 12.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.2
Q59: If there is a sudden burst in
Q60: Investment spending increases with<br>A) lower interest rates.<br>B)
Q61: Other things equal, a decrease in aggregate
Q62: Changes in technology have dramatically increased productivity,
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -Refer to Table