This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: With respect to labor supply, the substitution effect takes account of the point that at higher wage ... (Read 61 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
With respect to labor supply, the substitution effect takes account of the point that at higher wage rates
 
  A) a person can afford to take more leisure.
  B) leisure has become less expensive and so a person consumes less leisure.
  C) there are no factors inducing a person to work less.
  D) leisure has become more expensive and so a person consumes less leisure.

Question 2

How does an increase in real GDP affect the demand for money curve?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

An increase in real GDP increases the demand for money and shifts the demand curve rightward.


Tazate

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c The stages of labor and delivery. (A) During the dilation stage the cervix thins and dilates to 10 c
Effect of RYGB Surgery in Rats Effect of RYGB Surgery in Rats
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
Cocaine’s Effect on the Brain Cocaine’s Effect on the Brain
Position effect, as illustrated in the eye phenotype in two female Drosophila Position effect, as illustrated in the eye phenotype in two female Drosophila
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library