Multiple Choice
As the price level falls,real wage ____________and people choose to work ___________.
A) rises; more
B) rises; less
C) falls; more
D) falls; less
Correct Answer:
Verified
Related Questions
Q116: According to real business cycle theorists,if the
Q117: Q118: The Friedman natural rate theory is built Q119: The economy is initially in long-run equilibrium.Expectations Q120: Two key assumptions of new Keynesian theory
