Since 1948, the History of Real Wage Rates Generally Shows

question 163

Multiple Choice

Since 1948, the history of real wage rates generally shows that

• A)prices and wages have risen at the same rate.
• B)prices have risen at a slower rate than wages.
• C)prices have risen faster than wages.
• D)real wages have remained constant over the period.

---

Definitions:

Energy Currency

A conceptual term for energy being used as a unit of exchange, potentially analogous to traditional monetary systems.

Weather Futures

Financial derivatives that allow for the hedging against or speculation on weather conditions, such as temperature or precipitation levels.

Treasury Notes Futures

Futures contracts based on U.S. Treasury notes, which are debt securities issued by the U.S. government with maturities ranging from two to ten years.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.