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OlgaM077 [116]
3 years ago
10

1 point

Business
1 answer:
Reil [10]3 years ago
3 0
True I’m pretty sure that’s right
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Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
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1. The relationship between customer and Online - One to one

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If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people t
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If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.

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b. quantity of labor supplied; increase.

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Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.

In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.

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