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What is the change in unemployment when the price level and the money wage rate rise by the same percentage? What is the change in
What is the change in unemployment when the price level and the money wage rate rise by the same percentage? What is the change in unemployment and the quantity of real GDP supplied when the price level rises but the money wage rate remains unchanged? Question content area bottom Part 1 When the price level and the money wage rate rise by the same percentage, unemployment _______. A. increases B. decreases C. remains the same D. is eliminated Part 2 When the price level rises but the money wage rate remains unchanged, unemployment _______ and the quantity of real GDP supplied _______. A. decreases; increases B. increases; increases C. increases; decreases D. decreases; decreases
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