An increase in the expected price level will a. increase labor supply
An increase in the expected price level will
a. increase labor supply, money wages, decrease the price level and income.
b. decrease labor supply, increase money wages, decrease the price level and income.
c. decrease labor supply, decrease money wages, and decrease the price level and income.
d. increase labor supply, decrease money wages, decrease the price level, and increase income.
ANSWER
B
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