If the Price Level Rises Above What Was Expected and Nominal

question 51

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 becomes more profitable so firms will hire more workers.

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Definitions:

Stratum

A layer or a series of layers of tissue in an organism or a part of its structure.

Epidermis

The surface layer of the skin that acts as a barrier to water and defines the color of our skin.

Stratum

A layer or level within a structure, such as skin or geological formations.

Propionibacterium

A genus of bacteria known for its role in the fermentation process and its presence on human skin, where it can affect acne.