4) Inflation will reduce workers' real wage and so decrease the number of available workers. This outcome is desirable when demand for workers declines and the worker are reluctant to have a cut in their nominal wage. demand for workers increases and the workers are reluctant to have a cut in their nominal wage. demand for workers declines and the workers are willing to have a cut in their nominal wage. demand for workers increases and the workers are willing to have a cut in their nominal wage.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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4) Inflation will reduce workers' real wage and so decrease the number of available workers. This
outcome is desirable when
demand for workers declines and the worker are reluctant to have a cut in their
nominal wage.
demand for workers increases and the workers are reluctant to have a cut in their
nominal wage.
demand for workers declines and the workers are willing to have a cut in their nominal
wage.
demand for workers increases and the workers are willing to have a cut in their
nominal wage.
Transcribed Image Text:4) Inflation will reduce workers' real wage and so decrease the number of available workers. This outcome is desirable when demand for workers declines and the worker are reluctant to have a cut in their nominal wage. demand for workers increases and the workers are reluctant to have a cut in their nominal wage. demand for workers declines and the workers are willing to have a cut in their nominal wage. demand for workers increases and the workers are willing to have a cut in their nominal wage.
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