Given the money wages, if the price level in an economy increases, then the real wages will -

Related MCQs

• The relationship between the value of money and the price level in an economy is -
• Thomas Robert Malthus (1766 – 1834) was a British economist who is remembered for his essays on population. In his which famous work he said, “Population, when unchecked, increases in a geometrical ratio. Subsistence only increases in an arithmetical ratio.”?
• The part of the economy in which economy activity is carried on by private enterprise is termed:
• Real national income increases if:
• The theory of macroeconomics which holds that increases in the money supply are a necessary and sufficient condition for inflation, is called
• The existence of a parallel economy or Black Money -
• The existence of a Parallel Economy or Black Money -
• Legislation prohibiting the paying of wages below some specified level is known as
• If the tax rate increases with the higher level of income, it shall be called -
• The persistent increases in the general level of prices is known as: