Nber.org data showed an increase in trend of the wages paid to workers in manufacturing industries in America from 1860-1890. The census indicated that in three decades, from 1860-1870, 1870 to 1880 and 1880-1890 there was a 16, 24 and 44% increase, respectively.
<span>The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analyzing the economy. It can also help you make better financial decisions. </span>
Answer:
D. Is fixed by the central bank
Explanation:
The theory of liquidity preference explains that people don't demand for money due to borrowing but rather because of the innate desire to hold money. The theory was developed by the father of Macroeconomics, John Maynard Keynes. He pointed out to interest rate being the price of money. According to him, there are 3 motives for holding money which are transactionary, precautionary and speculatory and that the supply of real money balances is fixed.
Answer:
by the equilibrium between supply and demand for workers
Explanation:
Wages are the amount to pay workers for a particular job when employed. Therefore, determining the wages for a particular job is mostly dependent "on the equilibrium between supply and demand for workers, " and sometimes location.
This is because the higher the number of workers available, the lesser the employers would be willing to increase the wage level of employees given the fact that they can easily find another employee. However, where there is a lesser number of employees for a particular job, the employers would be willing to increase the employees' wages to entice them.
Answer:
d. Informational and persuasive.
Explanation:
Informational package labelling as the name implies gives details about the specific products which is aimed at convincing perspective buyers to buy. Here, the information about the product are well spelt out in the package labelling thus gives more about what the product is all about. The aim is to capture consumers mind so that they would eventually buy the products.
Persuasive package labelling as the name implies lay emphasis on logo or themes rather than information expected by consumers. Here, the idea is to create awareness about the product through its logo and special features such as promotional theme.
