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Author Question: If the money wage rate rises relative to the price level, firms ________ the quantity of labor they ... (Read 36 times)

haleyc112

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on: Jun 29, 2018
If the money wage rate rises relative to the price level, firms ________ the quantity of labor they demand and workers ________ the quantity of labor they supply.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease

Question 2

In the short-run
 
  A) the aggregate supply curve is upward sloping.
  B) real GDP is always equal to potential GDP.
  C) the money wage rate can change.
  D) the price level does not change.


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Li Jun

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


haleyc112

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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