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Holding Other Factors Constant, If a Larger Proportion of the Population

question 74

Multiple Choice

Holding other factors constant, if a larger proportion of the population enters the labor force as a result of a growing social acceptance of women working, then the real wages of workers will ______ and employment of workers will _____.


Definitions:

Velocity of Money

The rate at which money is exchanged in an economy, often used to measure the activity level of economic transactions.

Inflation Rate

The inflation rate is the percentage increase in the general level of prices for goods and services in a country over a period of time.

Money-Supply Curve

A graphical representation of the relationship between the quantity of money in an economy and the price level.

Economy's

The state of a geographic or political region's system of production, consumption, and distribution of goods and services.

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