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

User Vivek Srinivasan
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Answer:

The quantity of labour demanded increases ad production increases

Step-by-step 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.

User Noushid P
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