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NYC NYC
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8 years ago
Assume that the substitution effect dominates the income effect. When workers experience a ________ price surprise, they ________ perceive that their real wage rate has ________, which leads them to work more hours.
A) negative; correctly; fallen
B) positive; correctly; risen
C) positive; incorrectly; risen
D) negative; incorrectly; risen
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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