This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the money wage rate rises relative to the price level, firms ________ the quantity of labor they ... (Read 37 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
Double-label fluorescence microscopy can visualize the relative distributions of Double-label fluorescence microscopy can visualize the relative distributions of
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
World Mean Sea-Level Temperatures in July World Mean Sea-Level Temperatures in July
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ... A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ...
Video: Introduction to Spirometry

For a complete list of videos, visit our video library