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If the nominal wages of carpenters rose by 5 percent

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3. If the nominal wages of carpenters rose by 5 percent in 2008 and the price level increased by 3 percent, then the real wages of carpenters: A. decreased by 2 percent. B. increased by 2 percent. C. increased by 3 percent. D. increased by 8 percent. AACSB: Analytical Skills Blooms: Application Learning Objective: 13-1 McConnell - Chapter 13 #3 Topic: Real and nominal wage rates; trends 4. Over the long run, real earnings per worker can increase only at about the same rate as the economy's rate of growth of: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #4 Topic: Real and nominal wage rates; trends 5. Increases in the productivity of labor result partly from: AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #5 Topic: Real and nominal wage rates; trends
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6. Real wages in the United States are: AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #6 Topic: Real and nominal wage rates; trends 7. According to international comparisons, which nation had the highest hourly wages in U.S. dollar terms in 2006? A. United States B. Germany C. Denmark D. Sweden AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #7 Status: New Topic: Real and nominal wage rates; trends 8. The real wage will rise if the nominal wage: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #8 Topic: Real and nominal wage rates; trends 9. Which of the following is correct ? AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #9 Topic: Real and nominal wage rates; trends
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