-Refer to the Above Graph to Answer This Question

question 74

Multiple Choice

-Refer to the above graph to answer this question.What will happen in the long run if the price level is currently P1?

• A)The price level will decrease but the nominal wage will increase.
• B)The price level will increase but the nominal wage will decrease.
• C)Both the price level and the nominal wage will decrease.
• D)Both the price level and the nominal wage will increase.

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Definitions:

Cerebrospinal Fluid

A clear, colorless body fluid found in the brain and spine that acts as a cushion for the brain's cortex, providing basic mechanical and immunological protection to the brain.

Temporal

Relating to time or denoting the temples of the skull.

Occipital

Pertaining to the occipital bone or region, located at the back part of the skull, involving the visual processing center of the brain.

Parietal

Referring to the parietal lobe of the brain, involved in processing sensory information, or the parietal bones of the skull.