Examlex
According to Keynes' fixed money wage theory,when the price level is higher than expected the real wage is ____ than expected and unemployment is ______ than expected.
Increase in Quantity
A rise in the amount of a certain good or service produced or supplied in the market.
Adoption of New Technology
The process by which new tools, systems, or services are embraced and utilized by individuals, businesses, or organizations.
Market for Cars
The economic environment involving the buying, selling, and production of automobiles.
Economics Major
An Economics Major is an academic program focusing on the study of how societies use resources to produce goods and services and distribute them among populations.
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