A fall in the price level brings a ________ in the real wage rate that ________ profits and can lead to ________.
A) rise;reduces;firms going out of business
B) fall;decreases;new firms entering business
C) fall;increases;firms going out of business
D) rise;increases;new firms entering business
E) rise;reduces;new firms entering business
Correct Answer:
Verified
Q5: A rise in the price level brings
Q6: If the price level falls and the
Q8: Q11: Changes in which of the following do Q14: Along the aggregate supply curve, the quantity Q27: Changes in which of the following shifts Q28: When the price level rises,the quantity of Q30: If the costs of production decrease,there is Q32: During 2014,a country reports that its price Q33:
A)an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents