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DragoxCM16 DragoxCM16
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5 years ago

Question 1.

The ________ refers to the amount a household actually works within a given period at the current wage rate.



▸ constrained supply of labor

▸ labor-force participation rate

▸ natural rate of unemployment

▸ unconstrained supply of labor

Question 2.

Monetary policy is less effective than it was in the past because



▸ investment has become less sensitive to interest rate changes.

▸ the substitution effect of an interest rate change on consumption has increased.

▸ the income effect of an interest rate change on consumption has increased.

▸ the government deficit has decreased.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Kailz1218Kailz1218
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DragoxCM16 Author
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#2
5 years ago
This site is awesome!
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5 years ago
Slight Smile Good luck on the rest
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