Suppose the Money Wage Rate and the Price Level Both

question 41

Multiple Choice

Suppose the money wage rate and the price level both fall by 5 percent. As a result,

• A) the quantity of labor demanded increases.
• B) people are worse off and there is more unemployment.
• C) the quantity of labor demanded does not change because there is no change in the real wage.
• D) the quantity of labor demanded decreases.

---

Definitions:

Playing

An activity engaged in for enjoyment and recreation, especially by children, and crucial for their development.

Remember Past Events

The cognitive process of recalling information or experiences that occurred in the past.

1-And 2-Year-Olds

Describes young children in a developmental stage where they experience rapid growth in physical, cognitive, and emotional abilities.

Earliest Memories

The first events or experiences that a person can recall from early childhood.