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The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
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What is the difference between 'real wage' and 'nominal wage'?
blAH BLAH BLHA
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
What happens to the quantity of labor demanded when there is a rise in the real wage rate?
When real wages increase then the demand for labor slows. Employers must maintain their budgets, so they will not employ more people than their budgets can stand.
What is the difference between 'real wage' and 'nominal wage'?
blAH BLAH BLHA
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
Liabilities is real accounts or nominal accounts?
nominal account.
If the minimum wage is set above the market wage the?
Unemployment will rise.
How do you distinguish between money wage and real wage?
Real Wage = Money Wage / Price Index Real wage measures purchasing power, that is what an hour's labor can buy.
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is accumulated depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
What is the key friction that gives rise to nominal price rigidities and non neutral effects of monetary policy?
Temporary price rigidities are the key friction that gives rise to nominal price rigidities.
Is inventory a nominal account?
real
Is suspense account a nominal account?
Not necessarily. It can be of any type. Real, Personal or Nominal.
Is Sales Account nominal or real account?
real accounts
What is the difference nominal cash flow and real cash flow?
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
