A fall in the price level brings a-------------------- in the real wage rate that-------------------- profits which leads to--------------------
.
A) rise; reduces; firms temporarily shutting down
B) rise; increases; firms restarting production
C) rise; reduces; firms restarting production
D) fall; increases; firms temporarily shutting down
E) rise; increases; firms temporarily shutting down
Correct Answer:
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Q17: If the quantity of real GDP demanded
Q18: Cost-push inflation can start with
A)an increase in
Q19: Because there is a-------------------- relationship between the
Q20: An increase in the quantity of money--------------------aggregate
Q21: A fall in the real wage rate
A)does
Q23: If the money wage rate increases, then
Q24: As the price level rises relative to
Q25: If real GDP is less than potential
Q26: --------------------decreases aggregate supply.
A)A rise in the price
Q27: Aggregate demand--------------------and shifts the AD curve--------------------
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