The Wage Rate Rises

question 121

Multiple Choice

The wage rate rises.As a result,in the short run Real GDP will __________ and the price level will __________.

• A) rise; rise
• B) fall; fall
• C) remain constant; fall
• D) fall; rise
• E) rise; fall

---

Definitions:

Retrieval Failure

A phenomenon where information cannot be accessed or recalled from memory, often due to interference or insufficient retrieval cues.

Encoding Failure

A situation in which information does not get stored in long-term memory because of inadequate or insufficient encoding processes.

Storage Failure

A failure in the ability to retain information over time, typically referring to long-term memory loss.

State-dependent Memory

The phenomenon that information learned in a specific mental or emotional state is more easily recalled when in that same state.