Multiple Choice
If workers realize that an increase in nominal wage rates does not necessarily constitute a rise in real wages, then we would expect:
A) an increase in employment.
B) a decrease in employment.
C) a downward movement along the Philips curve.
D) a rightward shift of the Phillips curve.
E) a leftward shift of the Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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