subject
Business, 25.02.2020 04:37 abigail2403

Consider an economy with only two groups of people: Wage earners and Goods sellers. If the price level increases by 20% while the nominal wages remains the same, A. income will be redistributed from goods sellers to wage earners. B. income will be redistributed from wage earners to goods sellers. C. no income redistribution will occur as nominal wages are same as before. D. real wages will not be affected as nominal wages remained the same.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:20
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answers: 2
question
Business, 22.06.2019 17:40
Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.
Answers: 1
question
Business, 22.06.2019 19:30
Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center
Answers: 2
question
Business, 22.06.2019 20:30
Identify the level of the literature hierarchy for u.s. gaap to which each item belongs
Answers: 1
You know the right answer?
Consider an economy with only two groups of people: Wage earners and Goods sellers. If the price lev...
Questions
question
Social Studies, 03.12.2019 09:31
question
Mathematics, 03.12.2019 09:31
question
Mathematics, 03.12.2019 09:31
question
Mathematics, 03.12.2019 09:31
question
Mathematics, 03.12.2019 09:31
Questions on the website: 13722363