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Author Question: Which of the following is trueof a change in nonlabor income? (Read 21 times)

tiffannnnyyyyyy

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on: Apr 19, 2019

Question 1

Monetary policy is less effective than it was in the past because


◦ investment has become less sensitive to interest rate changes.
◦ the substitution effect of an interest rate change on consumption has increased.
◦ the income effect of an interest rate change on consumption has increased.
◦ the government deficit has decreased.

Question 2

Which of the following is 
true of a change in nonlabor income?


◦ There is no substitution effect because a change in nonlabor income does not change the trade-off between work and leisure.
◦ There is no income effect because a change in nonlabor income does not change the trade-off between work and leisure.
◦ There is no substitution effect because a change in nonlabor income does not change a household's permanent income.
◦ There is no income effect because a change in nonlabor income does not change a household's permanent income.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tiffannnnyyyyyy on Apr 19, 2019

covalentbond

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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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tiffannnnyyyyyy

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Reply #2 on: Apr 19, 2019
Thanks


covalentbond

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Reply #3 on: Apr 19, 2019
Welcome :)


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