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8 years ago
When the substitution effect is greater than the income effect, Kathy will supply more work if:
A) the percentage increase in the price level is less than the percentage change in wages.
B) the wage rate and the price level increase proportionately.
C) wages are falling faster than prices.
D) all of the above
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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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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