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A decrease in corporate profits, resulting in a decline in dividend payments, will decrease ...

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A decrease in corporate profits, resulting in a decline in dividend payments, will decrease ...

Question 1.

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

Question 2.

A decrease in corporate profits, resulting in a decline in dividend payments, will decrease consumption and decrease labor supply.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 116 times

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DryPhantom

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