If There Is an Increase in the Number of Registered

question 10

Multiple Choice

If there is an increase in the number of registered nurses and the demand for medical services remains unchanged, what should be expected to happen to the real hourly wage for registered nurses?

• A) The real hourly wage should increase.
• B) The real hourly wage should only increase if the demand for medical services is inelastic.
• C) The real hourly wage should only decrease if the demand for medical services is elastic.
• D) The real hourly wage should decrease.
• E) The real hourly wage should only increase if the demand for medical services is elastic.

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Definitions:

DSL

Digital Subscriber Line, a technology for bringing high-bandwidth information to homes and businesses over ordinary copper telephone lines.

Cable

in finance, refers to the GBP/USD exchange rate in forex trading; in telecommunications, it refers to insulated wire or wires having a protective casing used for transmission of electricity or telecommunication signals.

Electronic Platform

A digital framework or environment that enables various types of online interactions or transactions between users or entities.

X-Road

A digital infrastructure framework that enables secure cross-border data exchanges between governmental, public, and private sector entities.