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Author Question: The growth rate of real GDP in the United States rises from 4.2 to 4.4. Explain and calculate how ... (Read 144 times)

genevieve1028

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The growth rate of real GDP in the United States rises from 4.2 to 4.4. Explain and calculate how this increase in the growth rate of real GDP affects the number of years it will take for real GDP to double.
 
  What will be an ideal response?

Question 2

a. What are the two effects of an increase in the wage rate on an individual's labor supply decision? Briefly explain each effect.
  b. Explain how a labor supply curve could be backward bending.
 
  What will be an ideal response?


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jjorrostieta

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genevieve1028

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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