1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
9

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

o try to find a job and employed people to want to work _______ hours.a. more; longer.b. the same number of; the same number of O c. fewer, shorter.d. fewer; longer would.The____O_____. a. quantity of labor supplied; decrease.b. quantity of labor supplied; increase.c. supply of labor; decrease.d. supply of labor, increase.
Business
1 answer:
vitfil [10]3 years ago
8 0

Answer:

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.

a. more; longer.

The____ would _____.

b. quantity of labor supplied; increase.

Explanation:

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.

You might be interested in
the audit working paper that reflects the major components of an amount reported in the financial statement is the
KiRa [710]

The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
  • A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
  • The sum for the related line item in a client's financial statements should match the number on the lead schedule.
  • The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
  • Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
  • The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.

To learn more about the Audit working paper refer to:

brainly.com/question/13812517

#SPJ4

4 0
2 years ago
What are some subject areas PAS prepares students for? Check all that apply. health science hospitality agricultural machinery i
butalik [34]

agricultural machinery


landscape design


food science


-WiseQueen

5 0
3 years ago
Read 2 more answers
What is MMS?
NISA [10]
The answer is c.

Explanation: MMS (multimedia messaging service) allows you to communicate photographs, videos, and other media as well as longer words via SMS.
7 0
3 years ago
Suppose economies A and B have the same initial level of GDP per capita at $15,000, and each economy begins with a constant grow
Zinaida [17]

Answer:

If we made the assumption that both countries had a per capita of $15,000 in 1960, country A, which entered an era of political stability, and applied liberal reforms, growing at a rate of 5%, would double its GDP per capita by 1975, reaching a GDP per capita of $31,183.92.

On the contrary, country B, which continued to grow by 1% per year, would only double its GDP per capita by 2030, reaching a figure of $30,101.45.

Therefore, it would take 55 years more for country B to double its per capita GDP level compared to country A.

4 0
4 years ago
. _________________ results when an economy experiences high unemployment and high inflation at the same time
telo118 [61]

high prices of goods and the change of currency

Explanation:

the the government loses a huge amount of money the currency demands a high exchanging rate

6 0
2 years ago
Other questions:
  • PromptMichael and Johnny are sitting at a bar having a few beers. Michael is a product engineer and Johnny is an electrical engi
    11·1 answer
  • Business fluctuations are systematic increases and decreases in real GDP. Please select the best answer from the choices provide
    8·2 answers
  • an advertiser wants to increase the quality score of a low–performing keyword. which approach would you recommend
    14·1 answer
  • Landon jewelers uses the perpetual inventory system. on april​ 2, landon sold merchandise with a cost of​ $2,500 for​ $7,000 to
    7·1 answer
  • In the movie 9 to 5​, Maria Delgado worked mornings and her​ sister, who came in a few minutes before Maria​ left, worked the sa
    9·2 answers
  • "Product planners need to think about products and services on three levels. The most basic level is the ________, which address
    7·1 answer
  • Consider 2 scenarios: Boom Economy and Normal Economy. The Boom economy has 30% chance of happening, while Normal economy has 70
    12·1 answer
  • Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?a. During an eco
    9·1 answer
  • Companies that start a just-in-time inventory system are seeking to Multiple Choice reduce the size of the inventory they carry.
    14·1 answer
  • In a closed economy, what remains after paying for consumption and government purchases is:________
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!