In the Classical Macroeconomic Model,a Decrease in the Real Wage

question 45

Multiple Choice

In the classical macroeconomic model,a decrease in the real wage would cause

• A)a decrease in the marginal product of labor and an increase in the quantity demanded for labor.
• B)an increase in the marginal product of labor and an increase in the quantity demanded for labor.
• C)no change in the quantity demanded for labor.
• D)an increase in both the supply of and demand for labor.

---

Definitions:

File Names

The designated title given to a file stored on a computer, which is used for identification and access purposes.

Text Files

Files containing plain text without formatting, typically stored with a .txt extension and readable by simple text-editing programs.

Notepad

A simple text editor included with Microsoft Windows that allows for basic text editing and file creation.

Plain Text

A file format that contains only basic text characters without any formatting, such as font sizes or styles.