When the nominal wage increases, workers know that their buying power (over goods and services) is unambiguously higher. this claim is:________

Question

23-08-2022
Social Studies

contestada

When the nominal wage increases, workers know that their buying power (over goods and services) is unambiguously higher. this claim is:________

Respuesta :

Otras preguntas

How were Japan and China culturally similar in the beginning of the 19th century? A.) Japan and China welcomed Christian missionaries into their country, hoping

The mood of the "Beat Generation" is best reflected in which of the following _________. Select one: a. Jack Kerouac's On the Road b. f. Scott Fitzgerald's This

Which of the following describes a major outcome of Mao Zedong's Great Leap Forward policies? a. Collectivization of labor was stopped, as it had offered peasan

B/Which sentence does not contain any errors? a. Its' like something my mother wore thirty years ago. b. It's like something my mother wore thirty years ago. c.

Which statement best compares the Union and Confederate armies at the beginning of the Civil War? A.The Confederate army was much larger than the Union army. B.

Which of the following describes a major outcome of Mao Zedong's Great Leap Forward policies? a. Collectivization of labor was stopped, as it had offered peasan

What is the frequency of a wave having a period equal to 18 seconds? a. 6.6 × 10-2 hertz b. 5.5 × 10-2 hertz c. 3.3 × 10-2 hertz d. 1.8 × 10-2 hertz e. 8.0 × 10

Lucy has 18 pansies, 12 geraniums, and 6 marigolds. If she divides the flowers equally between 3 flowerpots. How many flowers will each pot have?

Most of the African continent is on a high _____. a. desert b. plateau

Which statement best compares the Union and Confederate armies at the beginning of the Civil War? A.The Confederate army was much larger than the Union army. B.

vipinkumar69547 vipinkumar69547 · Answer 1 · 2022-08-27T11:24:27+02:00

When the nominal wage increases, workers know that their buying power (over goods and services) is unambiguously higher. This claim is false.

Pay rates that are not inflated are referred to as nominal wages or "money wages." "Real wages," on the other hand, are inflation-adjusted. Real earnings rise because workers can spend more of them on more goods. Receivers can only purchase less when nominal salaries rise less than price levels.

Since there aren't many positions available, competition is fierce. As a key indicator of long-term economic growth in macroeconomics, wage growth takes into account both the level of living standards and the purchasing power of consumers.

On the other hand, the nominal pay will grow to tempt more workers if there are more job opportunities (high labor demand) than applicants (low labor supply).

To learn more about nominal wage refer to:

https://brainly.com/question/13847060

#SPJ4