Liberty University ECON 214 Exam 1

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Solved; Liberty University ECON 214 Exam 1
  • Solved; Liberty University ECON 214 Exam 1

  • Exam (elaborations) • 9 pages • 2020
  • Liberty University ECON 214 Exam 1 ECON 214 Exam 1 ·         Question 1 2 out of 2 points You are offered two jobs, one in Chicago paying $67,000 and one in Philadelphia paying $79,000. The price index in Chicago is 110.8, and in Philadelphia it is 126.5. If real wages are the only consideration, then: ·         Question 2 0 out of 2 points Use the following table to answer the questions that follow: According to the table, the employment rate in this economy is equ...
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