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NYC NYC
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8 years ago
Assume that the income effect dominates the substitution effect. When wages rise:
A) people will work fewer hors.
B) people will work the same number of hours.
C) the effect on the hours people work is ambiguous.
D) people will work more hours.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Good answer, thanks.
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