If the Price Level Rises Above What Was Expected and Nominal

question 317

Multiple Choice

If the price level rises above what was expected and nominal wages are fixed, then

• A)production becomes less profitable so firms will hire fewer workers.
• B)production becomes less profitable so firms will hire more workers.
• C)production becomes more profitable so firms will hire fewer workers.
• D)production become more profitable so firms will hire more workers.

---

Definitions:

Standardized Intelligence Tests

Tests designed to measure intelligence through a set of standardized tasks and problems, providing a quantitative assessment of an individual's intellectual capabilities.

Prenatal Nutrition

Refers to the dietary and nutritional intake and considerations important for pregnant individuals to support fetal health and development.

Home Environment

The physical, emotional, and social surroundings within a person's dwelling, including family dynamics and physical conditions, which can influence development and well-being.

IQ Tests

Standardized tests designed to measure human intelligence and cognitive abilities.