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Author Question: According to the Lucas supply function, workers who experience a positive price surprise will work ... (Read 34 times)

asmith134

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on: Apr 19, 2019

Question 1

According to the Lucas supply function, workers who experience a positive price surprise will work fewer hours when


◦ there is no substitution effect from a positive price surprise.
◦ there is no income effect from a positive price surprise.
◦ the substitution effect dominates the income effect.
◦ the income effect dominates the substitution effect.

Question 2

According to the Lucas supply function, workers who experience a positive price surprise will work more hours when


◦ there is no substitution effect from a positive price surprise.
◦ there is no income effect from a positive price surprise.
◦ the substitution effect dominates the income effect.
◦ the income effect dominates the substitution effect.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by asmith134 on Apr 19, 2019

Jody Vaughn

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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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asmith134

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
Wow, this really help

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