Suppose the automaker company, General Motors negotiating a wage contract with the United Auto Workers (UAW) union. Both parties are interested in the real wage, which is the nominal wage corrected for inflation. Suppose that General Motors and the UAW (the United Auto Workers) agree on a wage of $32 per hour to be paid during 2021. Both General Motors and the UAW expected that the price level will increase from 100 in 2020 to 105 in 2021, so the inflation rate will be 5%. We can calculate the expected real wage as follows: (Expected) Real wage = (Nominal wage/Price level) x 100 = ($32/105) x 100 = $30.48
But, the real wage when the actual inflation rate turns out to be only 2% (i. e., the price level rises only to 102 during 2021) will be , which is than General Motors and the UAW had expected. If the actual inflation rate is higher is 7% (i. e., the price level rises to 107 during 2021), the real wage will be , which is than General Motors and the UAW had expected.

Bella is the new president of first edition, a group dedicated to the promotion of english literacy in first-generation immigrant communities. in the two years that have passed since bella took the position, the organization's members have become more passionate about their mission and intensified their activities—they put in long hours teaching children to read, promoting the program to parents, and soliciting donations. bella's strength is in her ability to inspire others and make them believe that they are part of something greater than themselves. which term best captures bella's leadership style? a. transactional b. transformational c. legitimate authority d. absolute authority

Which of the following is not a consideration when determining your asset allocation

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?