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:

Isolated

Being apart from others; separated from other instances or occurrences, often leading to feelings of loneliness or segregation.

Proximal Development

A concept in education and psychology referring to the zone wherein learners can perform a task with guidance but cannot yet complete it independently.

Judicious Guidance

Wisdom or advice given in a careful and sensible manner, often to aid decision-making or influence behavior positively.

Basic Biological Needs

fundamental physiological requirements that organisms need to maintain life, such as food, water, air, and shelter.