Question 23: Other things held constant, if there is a decrease in wealth, what would happen to current employment and the real wage rate? A. Both employment and the real wage would increase. B. Both employment and the real wage would decrease. C. Employment would decrease and the real wage would increase. D. Employment would increase and the real wage would decrease. E. None of the above.
Question 23: Other things held constant, if there is a decrease in wealth, what would happen to current employment and the real wage rate?
A. Both employment and the real wage would increase.
B. Both employment and the real wage would decrease.
C. Employment would decrease and the real wage would increase.
D. Employment would increase and the real wage would decrease.
E. None of the above.
Question 24: Other things held constant, if more people retire early and exit the labor force, what would happen to current employment and the real wage rate?
A. Both employment and the real wage would increase.
B. Both employment and the real wage would decrease.
C. Employment would decrease and the real wage would increase.
D. Employment would increase and the real wage would decrease.
E. None of the above.
Question 25: Other things held constant, if there is a reduction in firms' capital stock, what would happen to current employment and the real wage rate?
A. Both employment and the real wage would increase.
B. Both employment and the real wage would decrease.
C. Employment would decrease and the real wage would increase.
D. Employment would increase and the real wage would decrease.
E. None of the above.
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