Business, 20.02.2020 20:30 mathman783

You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, and in Dallas it is 91.5. If real wages are the only consideration, then: a you would be indifferent between the two jobs because the real wages would be about the same (within 2%). b you would suffer from menu costs and be conflicted. c you would definitely take the job in Dallas because the real wage is higher there. d you would suffer from money illusion and be conflicted. e you would definitely take the job in Chicago because the real wage is higher there.

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You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price...

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