In the Short Run, If the Price Level Increases, Then

question 2

Multiple Choice

In the short run, if the price level increases, then nominal wages

• A)stay fixed and the firms' revenues and profits will increase.
• B)stay fixed and the firms' revenues and profits also stay the same.
• C)increase, causing the firms' revenues and profits to fall.
• D)decrease, causing the firms' revenues and profits to rise.

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