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