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Choose from the following statements: a.first oil shock of 1973 triggered sharp rise in average wages b.Strikes lowered unemployment rate c.postwar accord broke down in late 60s

Choose from the following statements: a.first oil shock of 1973 triggered sharp rise in average wages b.Strikes lowered unemployment rate c.postwar accord broke down in late 60s

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Choose from the following statements:

a.first oil shock of 1973 triggered sharp rise in average wages

b.Strikes lowered unemployment rate

c.postwar accord broke down in late 60s

Below is a graph of days on strike per 1,000 industrial workers (left-hand axis) and the average wages relative to share prices (right-hand axis) in advanced economies between 1950 and 2002. 500 400 Average wages relative to share prices (right axis) 300 200 Days on strike (left axis) 100 0. 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 Year Based on this information, which of the following statements is correct? Average wages relative to share prices 4. 3. 2. 1. Days on strike per 1,000 industrial workers
Transcribed Image Text:Below is a graph of days on strike per 1,000 industrial workers (left-hand axis) and the average wages relative to share prices (right-hand axis) in advanced economies between 1950 and 2002. 500 400 Average wages relative to share prices (right axis) 300 200 Days on strike (left axis) 100 0. 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 Year Based on this information, which of the following statements is correct? Average wages relative to share prices 4. 3. 2. 1. Days on strike per 1,000 industrial workers
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