If the Price Level Increases and Workers' Money Wage Rates

question 215

Multiple Choice

If the price level increases and workers' money wage rates remain constant,which of the following w occur?
I. The quantity of labor supplied will decrease.
II. The real wage rate will decrease.
III. The labor supply curve will shift rightward.

• A) II and III
• B) I only
• C) I and II
• D) I, II and III

---

Definitions:

Ecosystem Service

Natural processes and elements that provide benefits to humans or other parts of the environment, such as pollination, water purification, and carbon sequestration.

Boreal Forest

A biome characterized by coniferous forests located in the northern regions, including parts of North America, Europe, and Asia.

Nitrogen Cycle

A biogeochemical cycle describing the transformations of nitrogen and nitrogen-containing compounds in nature.

Slash-And-Burn Agriculture

A method of agriculture where vegetation is cut down and burned as a technique to clear land for cultivation, but can lead to soil degradation and deforestation.