A fall in nominal wages represents:
A)a decrease in production costs.
B)an increase in employment.
C)an increase in production costs.
D)a right shift of supply for firms.

Name: A fall in nominal wages represents: A)a decrease in production costs. B)an increase in employment. C)an increase in production costs. D)a right shift of supply for firms.
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Question

Quizplus · Accepted Answer

A fall in nominal wages reduces the cost of labor for firms, leading to a decrease in production costs.

A Fall in Nominal Wages Represents