Suppose the aggregate price level rose to 105 in 2016. If GE gives its line workers a cost of living adjustment using inflation as calculated by the CPI, then:. a. nominal wage increases by 5%.
b. real wage increases by 5%.
c. the purchasing power of wages increases by 5%
d. real wages are indexed by 5%.

How many months does the federal budget usually take to prepare

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)