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?
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
5 answers
Yes so do you understand why that is the correct answer?
yes thanks
it is a correct
yes