Multiple Choice
Demand for workers in some industry declines.These workers are reluctant to have a cut in their nominal wage.However,
A) inflation will raise their real wage and so increase the number of available workers.
B) inflation will raise their real wage and so decrease the number of available workers
C) inflation will reduce their real wage and so increase the number of available workers.
D) inflation will reduce their real wage and so decrease the number of available workers.
Correct Answer:
Verified
Correct Answer:
Verified
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