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Author Question: Assume that the income effect dominates the substitution effect. When workers experience a ________ ... (Read 110 times)

ETearle

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on: Apr 19, 2019

Question 1

According to the Lucas supply function, if a firm mistakenly perceives that all prices are going ________ because its own output price is going ________, it will ________ its production level.


◦ up; up; increase
◦ down; down; reduce
◦ up; up; hold constant
◦ up; down; increase

Question 2

Assume that the income effect dominates the substitution effect. When workers experience a ________ price surprise, they ________ perceive that their real wage rate has ________, which leads them to work fewer hours.


◦ positive; correctly; risen
◦ negative; correctly; fallen
◦ negative; incorrectly; risen
◦ positive; incorrectly; risen
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ETearle on Apr 19, 2019

sylvia

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ETearle

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Reply #2 on: Apr 19, 2019
TY


sylvia

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Reply #3 on: Apr 19, 2019
You're welcome


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