jervontaemorris5418 jervontaemorris5418
  • 18-12-2020
  • Business
contestada

g If the price level rises and the money wage rate stays the same, what effect will this have upon labor demanded and production

Respuesta :

ewomazinoade ewomazinoade
  • 20-12-2020

Answer:

The quantity of labour demanded increases ad production increases

Explanation:

When  price level rises and the money wage rate stays the same, the real money wage rate falls. This makes it cheaper for firms to hire labour. As a result, their demand for labour increases and this leads to an increase in production.

Answer Link

Otras preguntas

Toxins like α-amanitin are used for research in much the same way as null mutants−to disrupt a process and see what happens when it no longer works. researchers
Emma lives on a tight budget. She saves money and also makes intelligent choices when spending it. Which statements describe Emma’s financial skills? Check all
what is the function of the colon
The water cycle is a biogeochemical cycle that is a closed system. Which of these sentences describes a viable stage that occurs in the water cycle? (A)Water en
Find the missing angle
Help me with surface area plssss
why are silver, platinum, palladium and osmium called noble metals?
How many units are between (9,6) and (-16,6)?
What were the drawbacks of having a railroad run through your city in the 1800s?
y = −x + 4 y = 3x + 3 Which description best describes the solution to the following system of equations? Line y = −x + 4 intersects the line y = 3x + 3.