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Author Question: If the price level increases, but workers' money wage rates remain constant,which of the following ... (Read 159 times)

geoffrey

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  • Posts: 880
on: Jun 29, 2018
If the price level increases, but workers' money wage rates remain constant,which of the following is TRUE?
 
  I. The quantity of labor demanded will increase.
  II. The real wage rate will decrease.
  III. The demand for labor curve shifts rightward.
  A) I only
  B) I and II
  C) II and III
  D) I, II and III

Question 2

Which of the following is NOT included in the M2 measure of money?
 
  A) checking deposits
  B) traveler's checks
  C) time deposits
  D) shares of the stocks of large companies


onowka

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  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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