Your nominal wage increases from $12 per hour to $13 per hour. at the same time, the price level increases from 140 to 147. as a result,
a. the number of dollars you receive increases and the purchasing power of the dollars you receive increases.
b. the number of dollars you receive increases and the purchasing power of the dollars you receive decreases.
c. the number of dollars you receive decreases and the purchasing power of the dollars you receive increases.
d. the number of dollars you receive decreases and the purchasing power of the dollars you receive decreases.

The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.