Suppose you had the following information regarding the economy:

Which of the following best describes the behavior of the real wage rate?
A) It increased from 2001 to 2002 and increased further from 2002 to 2003.
B) It dropped from 2001 to 2002 and then increased from 2002 to 2003.
C) It dropped from 2001 to 2002 and then remained the same from 2002 to 2003.
D) It increased from 2001 to 2002 and then dropped from 2002 to 2003.
E) It remained the same from 2001 to 2002 and then increased from 2002 to 2003.

Question

Suppose you had the following information regarding the economy:

Which of the following best describes the behavior of the real wage rate?
A) It increased from 2001 to 2002 and increased further from 2002 to 2003. 
B) It dropped from 2001 to 2002 and then increased from 2002 to 2003. 
C) It dropped from 2001 to 2002 and then remained the same from 2002 to 2003. 
D) It increased from 2001 to 2002 and then dropped from 2002 to 2003. 
E) It remained the same from 2001 to 2002 and then increased from 2002 to 2003.

Quizplus · Accepted Answer

The Answer of Suppose you had the following information regarding the economy:

Which of the following best describes the behavior of the real wage rate?
A) It increased from 2001 to 2002 and increased further from 2002 to 2003. 
B) It dropped from 2001 to 2002 and then increased from 2002 to 2003. 
C) It dropped from 2001 to 2002 and then remained the same from 2002 to 2003. 
D) It increased from 2001 to 2002 and then dropped from 2002 to 2003. 
E) It remained the same from 2001 to 2002 and then increased from 2002 to 2003.

Suppose You Had the Following Information Regarding the Economy