Answer:
(a) N = 10.08
(b) N = 10.89
(c) 19.05
Explanation:
(a)
N = 10.08
(b)
N = 10.89
One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.
(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.
So % increase would be zero.
However, if that $ 12 is considered as a Nominal wage in the current year,then,
= 19.05
Income products.out products curve point
The period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS was during:
- <u>D. Economic recessions.</u>
According to the given question, we are asked to show the period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS.
As a result, we can see that Keynes, one of the fathers of economics stated that it was <em>important</em> for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.
Therefore, the correct answer is option D
Read more about Keynesian Economics here:
brainly.com/question/14223529
They look scared and like they don’t wanna be there
The term that is being referred to the description is CORE CUSTOMER VALUE. The core customer value is a marketing term that describes the fundamental benefits of problem solving that consumers are looking for. The customer value are classified into two and these are the perceived and the desired value.