In the long run, any price level is consistent with a real wage of $40,000 becau

Question

In the long run, any price level is consistent with a real wage of $40,000 because Answer real wage is perfectly flexible. the labor force is perfectly mobile. nominal wage is perfectly flexible. nominal wage is sticky.

2/ Towards the end of the twentieth century, some of the world's more affluent countries experience robust growth while others experienced growth slowdown or even stagnation. Which of the following is not a reason for the divergent growth trend? Answer disparities in the rate of accumulation of human capital unwillingness to enforce property rights disparities in the employment rate differences in macroeconomic policymaking that allow producers to take a long-term view

3/

The real wage is the ratio of Answer

the price level to the nominal wage.
the nominal wage to the quantity of labor employed.
the nominal wage to the price level.
real GDP to the nominal wage.

Explanation / Answer

1.the labor force is perfectly mobile 2.unwillingness to enforce property rights 3.the nominal wage to the price level. thank u plzzz rate it

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