A rise in the price level brings a ________ in the real wage rate that ________ profits which leads to ________ production.
A)rise;reduces;decreasing
B)rise;reduces;increasing
C)fall;increases;increasing
D)rise;increases;decreasing
E)fall;decreases;decreasing

Question

Quizplus · Accepted Answer

A rise in the price level decreases the real wage rate, which increases profits, leading to increased production.

A Rise in the Price Level Brings a ________ in the Real