Economics · Classical Economic Theory
The full employment level argument in classical theory is based on the assumption that there is a:
- 1Indirect and inverse relation between money wages and real wages
- 2Direct and inverse relation between money wages and real wages
- 3Direct and proportional relation between money wages and real wages✓
- 4Indirect and proportional relation between money wages and real wages
Correct answer
Direct and proportional relation between money wages and real wages
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