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allyprice allyprice
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5 years ago
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.
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Macroeconomics

Macroeconomics


Edition: 12th
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