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Author Question: Wages and Labor SupplyCurrently, Gunnar works 30 hours a week and earns $50 per hour. Next week his ... (Read 932 times)

kms5229

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on: Nov 23, 2022
Wages and Labor Supply

Currently, Gunnar works 30 hours a week and earns $50 per hour. Next week his wage will increase to $75 per hour and Gunnar will work 20 hours a week. Gunnar's change in labor supply illustrates the ________ (substitution/income) effect because after the wage increase, he devotes ________ (more/less) time to leisure.
◦ income, more
◦ income, less
◦ substitution, less
◦ substitution, more
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kms5229 on Nov 23, 2022

ellie

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Reply #1 on: Nov 23, 2022
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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kms5229

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

kishoreddi

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Reply 3 on: Yesterday
Excellent

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