Assuming that as a result of observed past increases in the aggregate price level, workers' expectation of the current price level rises. Then,
a. less labor will be supplied at each money wage because with the higher expectation about the aggregate price level since a given money wage corresponds to a lower real wage.
b. the firm has to pay a higher money wage in order to obtain a given quantity of labor.
c. more labor will be supplied at each money wage because with the higher expectation about the aggregate price level since a given money wage corresponds to a higher real wage.
d. Both a and b
e. Both b and c
Question 2
Under the new Constitution in 1789, the states gained the sovereign power to
(a) levy taxes.
(b) power and issue money.
(c) regulate the value of money.
(d) create corporations by special franchise.
Distribution of Aggregate Mining
Zhang Huan, To Raise the Water Level in a Fishpond.
Sea-Level Rise
Observed change in surface temperature from 1901 to 2012
Normal change in sea level
The number of phenotypic classes in the F2 generation increases as the number of genes controlling t