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soldier1979 [14.2K]
2 years ago
5

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

Business
1 answer:
kaheart [24]2 years ago
5 0

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.

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