Answer:
The correct answer is "Shoe-leather effect"
Explanation:
shoe leather cost: In order to reduce the inflation, the people try to hold less cash on hand to reduce the tax inflation. The shoe leather cost refers to the value, in time and energy, of efforts intended to neutralize the effects of inflation.
Answer:
Her nominal wage increase by: (12.48/12)-1= 0.04= 4%
Her real wage decreased by: 4% - 7$= -3%
Explanation:
Giving the following information:
Ginny currently earns a (real or nominal) wage of $12.00 per hour. Ginny and her employer both expected inflation to be 4% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and $12.48 per hour in 2013. However, suppose inflation between 2012 and 2013 turned out to be 7%, not 4%.
Her nominal wage increase by: (12.48/12)-1= 0.04= 4%
Her real wage decreased by: 4% - 7$= -3%
Answer:
You need to get more points so you can ask questions.
Explanation:
You can do this by answering other people's questions
I think it’s around 18 million or more people that make more than 1 million or 1 million yearly
Answer:
It often proves difficult to actually realize the change that you have come up with. Especially when it comes to cultural or behavioral change. We want to show that change is not so much something that you have to get others to join. You have to make your change part of it
