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If the Price Level Rises Relative to the Money Wage

question 189

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If the price level rises relative to the money wage rate, firms______________ the quantity of labor they demand and workers____________ the quantity of labor they supply.


Definitions:

Immigration

is the action of coming to live permanently in a foreign country.

Country

A nation with its own government, occupying a particular territory.

Crude Death Rate

A measure of the number of deaths in a given population during a specified period, typically expressed per thousand individuals per year.

Deaths

refers to the cessation of all biological functions that sustain living organisms, marking the end of life.

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