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If the Price Level Rises by 4 Percent and Workers

Question 68

Multiple Choice

If the price level rises by 4 percent and workers' money wage rates increase by 2 percent, then the


A) quantity of labor supplied decreases.
B) quantity of labor supplied increases.
C) quantity of labor supplied does not change because there is no change in the real wage rate.
D) the supply curve of labor shifts rightward.

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