Your Boss Gives You an Increase in the Number of Dollars

question 5

Multiple Choice

Your boss gives you an increase in the number of dollars you earn per hour. How does this change your nominal and real wages?

• A)This increase in pay makes your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased.
• B)This increase in pay makes your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased.
• C)This increase in pay makes your real wage increase. If your real wage rose by a greater percentage than the price level, then your nominal wage also increased.
• D)This increase in pay makes your real wage decrease. If your real wage rose by a greater percentage than the price level, then your nominal wage decreased.

Understand the legal and policy dynamics surrounding immigration and healthcare in the tug of war between federal and state governments.

Understand the different file formats and their purposes within Microsoft Word.

Recognize how to share and collaborate on Word documents effectively.

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Definitions:

Economic Regulation

The imposition of rules by government, aimed at modifying the economic behavior of individuals, firms, or industries to achieve public policy objectives.

Article I

The section of the U.S. Constitution that establishes the legislative branch of the federal government, granting Congress the power to enact laws.

Legislative Power

The authority given to a legislative body to make, amend, or repeal laws.

Federal Courts

Specialized courts in the United States with the power to try cases related to federal law and constitutional issues.