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Author Question: When the substitution effect is greater than the income effect, Juanita will notsupply more work if (Read 74 times)

SGallaher96

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on: Apr 19, 2019

Question 1

Arnold's nominal wage increased by 3%, and the prices of goods that Arnold buys increased by 5%. Arnold's real wage has


◦ increased.
◦ remained constant.
◦ decreased.
◦ changed by 8%, but the direction of the change is ambiguous.

Question 2

When the substitution effect is greater than the income effect, Juanita will 
not supply more work if


◦ the wage rate and the price level increase proportionately.
◦ the percentage increase in the price level is greater than the percentage change in wages.
◦ wages are falling faster than prices.
◦ All of these
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by SGallaher96 on Apr 19, 2019

Toya9913

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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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SGallaher96

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Reply 2 on: Apr 19, 2019
Wow, this really help

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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