A Fall in the Price Level Brings a ________ in the Real

question 110

Multiple Choice

A fall in the price level brings a ________ in the real wage rate that ________ profits and can lead to ________.

• A)rise;reduces;firms going out of business
• B)fall;decreases;new firms entering business
• C)fall;increases;firms going out of business
• D)rise;increases;new firms entering business
• E)rise;reduces;new firms entering business

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Definitions:

Statement of Defence

A formal document filed by the defendant in a lawsuit detailing their defenses or objections to the claims made in the statement of claim.

General Partner

In a partnership, a member who has unlimited liability for the debts of the business and takes part in its management.

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment and does not take part in the day-to-day management of the business.

Letterhead

The heading at the top of a sheet of letter paper, usually consisting of a name and an address, and often a logo.