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If the price level increases, real wages will: fluctuate randomly. remain constant. decrease. increase.

If the price level increases, real wages will: fluctuate randomly. remain constant. decrease. increase.

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Answer #1

If the price level in the market increases then in that case the real wages will fall or decrease as with the given wage the labor can purchase less in the market. the answer is "C".

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If the price level increases, real wages will: fluctuate randomly. remain constant. decrease. increase.
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