If 1 - b = WN/PY where W is the nominal wage rate, N is the quantity of labor input, and PY is total income in nominal terms, then labor's share of national income shrinks if

A) (w - p) > (y - n).
B) (w - p) < (y - n).
C) (w - n) > (y - p).
D) (w - n) < (y - p).


B

Economics

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