36. If nominal wages decrease, which of the following would occur to the price level and unemployment

Question:

36. If nominal wages decrease, which of the following would occur to the price level and unemployment in the long run? Price Level Unemployment (A) Increase Increase (B) Increase Stay the same (C) Decrease Increase (D) Decrease Decrease (E) Stay the same Increase

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: