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Author Question: An estimate of a household's long-run average income is called permanent income. Indicate whether ... (Read 97 times)

magmichele12

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on: Jun 29, 2018
An estimate of a household's long-run average income is called permanent income.
 
  Indicate whether the statement is true or false

Question 2

It is estimated that, on the average and without taking account of skill differentials, union wages are
 
  A) equal to nonunion wages.
  B) less than nonunion wages.
  C) 66 percent higher than nonunion wages.
  D) 100 percent higher than nonunion wages.
  E) 30 percent higher than nonunion wages.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Expo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

E


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