For This Question,assume Expectations of P and a Are Correct

question 44

Multiple Choice

For this question,assume expectations of P and A are correct.Now suppose that there is a 3% reduction in A.Given this information,which of the following will occur?

• A)The PS relation will shift up by 2%.
• B)The WS relation will shift down by less than 2%.
• C)The WS relation will shift down by 2%.
• D)There will be no change in the real wage.

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Definitions:

DNA Molecule

The carrier of genetic information in living organisms and viruses, composed of two long strands forming a double helix.

mRNA Molecule

A molecule of RNA that encodes a chemical blueprint for a protein product.

Nucleotide Sequence

The order of nucleotides in a DNA or RNA molecule, determining the genetic information carried by that molecule.

Information Flow

The transfer or movement of information within a system or among various systems.