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What is money wage rate
While the money wage rate or nominal wage rate is the hourly wage rate calculated in money that a worker receives for supplying labour, the real wage rate is calculated in terms of the goods and services the worker can buy with the money at the current price level.
state and explain two factors that cause the shifts in the balance of payments curve.
A change in government purchases of goods and services results in a change in real GDP equal to $200 million. Assume the absence of taxes, international trade, and changes in the a
economic indicators graph
1. Consider two projects. The first project pays benefits of $90 today and nothing else. The second project pays nothing today, nothing one year from now, but $100 two
Privatization is the move of ownership from the public sector (government) to the private sector (business).
A person chooses between leisure and consumption. All of their consumption comes from current income. The utility derived from any combination of leisure and consumption is given b
what is the cause of inflation in PNG
what is valuing flexibility
Elplain the casual factors of the traditional business cycle and its effects on sectors of the economy
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