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johnpaul92 johnpaul92
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8 years ago
The income effect of a higher real wage on the quantity of labor supply is the
A) effect that income must rise when wages rise.
B) tendency of workers to supply less labor in response to becoming wealthier.
C) idea that workers feel psychologically wealthier when wages are higher, so they work more.
D) tendency of workers to supply more labor in response to becoming wealthier.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This is incredible, wasn't expecting anyone to answer this one
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