If the Price Level Rises by 4 Per Cent and Workers

question 75

Multiple Choice

If the price level rises by 4 per cent and workers' money wage rates increase by 2 per cent, then the

• A)the supply curve of labour shifts rightward.
• B)quantity of labour supplied increases.
• C)quantity of labour supplied does not change because there is no change in the real wage rate.
• D)quantity of labour supplied decreases.

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Definitions:

Fibula

A long, thin bone located on the lateral side of the tibia, in the lower leg.

Calcaneus

Also known as the heel bone, the calcaneus is crucial for walking, running, and jumping, absorbing impact and providing leverage.

Conoid Tubercle

A small, bony prominence on the inferior surface of the clavicle, which serves as a ligament attachment site.

Coracoid Process

A small hook-like structure on the lateral edge of the superior anterior portion of the scapula (shoulder blade).