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Business, 21.11.2019 00:31 bettybales1986

Caroline currently earns a [real / nominal] wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.00 per hour times the number of hours she works. suppose the price of orange juice is $2.50 per gallon; in this case, caroline's [real / nominal] wage, in terms of the amount of orange juice she can buy with her paycheck, is [5 / 4 / 3 / 12] gallons of orange juice per hour.

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