Suppose there is a rise in the price level, but no change in the money wage rate. As a result, the quantity of labor demanded
A) increases.
B) decreases.
C) does not change because there is no change in the real wage rate.
D) decreases only if the money wage rate also decreases.
A
Economics
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In 2003, China's control of the value of the yuan became an economic and political issue for the U.S. because:
A) increased U.S. exports to China. B) decreased U.S. exports to China. C) increased China imports from the U.S. D) none of the above.
Economics
What would the situation be at $1.25 = 1 euro?
a. The value of $1 would be 1.25 euros.
b. The quantity of euros demanded would be greater than the quantity supplied.
c. The foreign exchange market would be in equilibrium.
d. The quantity of euros supplied would be greater than the quantity demanded.
Economics