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Question

Temps restant 0:08:10

Pregunta

6

In the wage-setting relation, the nominal wage

No s'ha

tends to decrease when

respost encara

Puntuat sobre

a.

the minimum wage

increases.

1,00

P Marca la

Q the unemployment rate decreases.

pregunta

unemployment benefits decrease.

d.

the price level increases.

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Answer

The nominal wage tends to decrease when the unemployment rate decreases.

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The nominal wage is the amount of money that an employee is paid for their work. It is determined by the wage-setting relation, which states that...