Answer to Question #16027 in Macroeconomics for irina
earning a salary of $60,000 per year and spending
$10,000 for housing. You just heard that you will be
transferred to a city in California where housing is 50
percent more expensive. In negotiating a new salary,
your objective is to keep your real income constant.
Your new target salary is $__________.
permanent income =
New salary = $50,000+15,000=65,000
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!