Question: Please answer correct explain plz asap both are 1 and 2 Don't answer by pen paper plz 1) Wage setting relation and price setting relation

Please answer correct explain plz asap both are 1 and 2

Don't answer by pen paper plz

Please answer correct explain plz asap both are 1 and 2Don't answer

1) Wage setting relation and price setting relation are in a equilibrium. So. more firms are joining which is increasing competition in the industry. In that case choose the correct answer: 1] Natural rate of unemployment will increasef Decrease 2} Level of markup in the industry will increase;r Decrease 3) Real wage in the economy will increasef Decrease 2] Whether a fall in markup can stop the declining rate of Inflation or not?r Explain

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