Asked by chris

how are interest rates and wages similar?
A. both rise due to inflation
B. both are types of prices.
C. both relate to the cost borrowing
D. both are payment for work done
i think B
Answered by Mia
Wages are not a price

Think of the relationship between wages and inflation.Inflation is the increase in prices of goods.

If goods and services cost more...what will have to happen to wages?

Do the same for interest rates...think of their relationship. If one does one thing what will the other do?
Answered by Mia
Yes so do you understand why that is the correct answer?
Answered by chris
yes thanks
Answered by whatbetheanswer
it is a correct
Answered by buddy
yes
There are no AI answers yet. The ability to request AI answers is coming soon!