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When Firms Decide How Much Labor to Hire, One of the Factors

Question 27

Multiple Choice

When firms decide how much labor to hire, one of the factors that influences them is the


A) nominal wage rate divided by the price level and then multiplied by 100.
B) nominal wage rate divided by the inflation rate and then multiplied by 100.
C) nominal wage rate plus the inflation rate.
D) real wage rate plus the inflation rate.
E) nominal wage rate minus the inflation rate.

Correct Answer:

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