Demand for Workers in Some Industry Declines

question 37

Multiple Choice

Demand for workers in some industry declines.These workers are reluctant to have a cut in their nominal wage.However,

• A)inflation will raise their real wage and so increase the number of available workers.
• B)inflation will raise their real wage and so decrease the number of available workers
• C)inflation will reduce their real wage and so increase the number of available workers.
• D)inflation will reduce their real wage and so decrease the number of available workers.