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Suppose the price level rises leading to a decrease in the real wage and increasing employment and real GDP.Which of the following are ways in which this occurs?
i.Firms employ more labour and increase output.
ii.Firms shut down.
iii.Firms start up a new business.
Violent Behavior
Violent Behavior entails actions that involve physical force intended to hurt, damage, or kill someone or something.
Benefits Outweigh
This phrase means the advantages or positive aspects of a situation are more significant than the disadvantages or negative aspects.
Illegal Drugs
Substances whose production, sale, or possession is prohibited by law.
Illicit Drug Use
The use of substances that are illegal or not prescribed, which can lead to addiction and other harmful effects.
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