Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
1. If John's nominal wage rises slower than the price level then we can say that John's real wage has _____ that the purchasing power of John's income has ______ A) risen; risen. B) fallen; fallen. C) fallen; risen. D) risen; fallen. 2. A situation in which the price level increases at an extremely...