Suppose Workers Notice a Fall in Their Nominal Wage but Are

question 12

Multiple Choice

Suppose workers notice a fall in their nominal wage but are slow to notice that the price of things they consume have fallen by the same percentage.They may infer that the reward to working is

• A)temporarily low and so supply a smaller quantity of labor.
• B)temporarily low and so supply a larger quantity of labor.
• C)temporarily high and so supply a smaller quantity of labor.
• D)temporarily high and so supply a larger quantity of labor.

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Definitions:

Biome

A large community of plants and animals that occupies a distinct region defined by its climate and ecosystems.

Savanna Grassland

A ecosystem characterized by a mix of grasses and scattered trees, found in tropical and subtropical regions with seasonal rainfall.

Littoral Zone

Shore zone between high-tide mark and low-tide mark; also, shallow water of a lake where light penetrates to the bottom.

Aquatic Plants

Plants that grow in or near water and are adapted to living in wet environments.