When the Unemployment Rate Is on the Horizontal Axis and the Real

question 58

Multiple Choice

When the unemployment rate is on the horizontal axis and the real wage is on the vertical axis,an increase in productivity will cause which of the following to occur?

• A)The wage-setting and price-setting curves will both shift downward.
• B)The wage-setting and price-setting curves will both shift upward.
• C)The price-setting curve to shift downward, and no shift in the wage-setting curve.
• D)The wage-setting curve to shift upward, and the price-setting curve to shift downward.
• E) The wage-setting curve to shift downward, and the price-setting curve to shift upward.

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Definitions:

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Clusters of nerve cell bodies in the peripheral nervous system, serving as relay points for neural signals.

Dorsal Hollow Nerve Cord

A characteristic feature of the phylum Chordata, it is a tube-like structure found along the back (dorsal side) that develops into the central nervous system.

Molluscs

A diverse group of invertebrate animals characterized by a soft body, many with a calcium carbonate shell, including snails, clams, and octopuses.

Hydraulic System

A technology in engineering that uses pressurized fluid to produce or transmit power.