Multiple Choice
Moving along the potential GDP line,the money wage rate changes by the same percentage as the change in the price level so that the real wage rate
A) increases.
B) decreases.
C) stays at the full-employment equilibrium level.
D) might either increase or decrease.
E) stays the same,though not necessarily at the full-employment equilibrium level.
Correct Answer:
Verified
Correct Answer:
Verified
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