Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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49.

The demand for labour schedule :

A: Shifts leftward when the price level rises
B: Shifts rightward when the price level rises
C: Shifts rightward when there is a proportional increase in the price level and the nominal wage
D: Shfits leftward when there is a proportionate increase in the price level and the nominal wage

The answer is: B

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