If workers realize that an increase in nominal wage rates does not necessarily constitute a rise in real wages, then we would expect:
A)an increase in employment.
B)a decrease in employment.
C)a downward movement along the Philips curve.
D)a rightward shift of the Phillips curve.
E)a leftward shift of the Phillips curve.

Question

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The Answer of If workers realize that an increase in nominal wage rates does not necessarily constitute a rise in real wages, then we would expect:
A)an increase in employment.
B)a decrease in employment.
C)a downward movement along the Philips curve.
D)a rightward shift of the Phillips curve.
E)a leftward shift of the Phillips curve.

If Workers Realize That an Increase in Nominal Wage Rates