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Author Question: If the wage rate increases, the substitution effect is for a person to work less and the income ... (Read 151 times)

tfester

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on: Apr 19, 2019

Question 1

The real wage rate is the nominal wage rate adjusted for inflation since some base year.


◦ true
◦ false

Question 2

If the wage rate increases, the substitution effect is for a person to work less and the income effect is for a person to take less leisure.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tfester on Apr 19, 2019

shayla

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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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tfester

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Reply #2 on: Apr 19, 2019
Excellent


shayla

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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