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If the Price Level Increases and Workers' Money Wage Rates

Question 215

Multiple Choice

If the price level increases and workers' money wage rates remain constant,which of the following w occur?
I. The quantity of labor supplied will decrease.
II. The real wage rate will decrease.
III. The labor supply curve will shift rightward.


A) II and III
B) I only
C) I and II
D) I, II and III

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