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johnpaul92 johnpaul92
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Posts: 2600
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8 years ago
If Jeff's wage rate rises, he decides to work fewer hours. From this, we can infer that
A) for Jeff, the substitution effect is less than the income effect.
B) for Jeff, the substitution effect is equal to the income effect.
C) Jeff is a nitwit.
D) for Jeff, the substitution effect is greater than the income effect.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
Read 188 times
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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
Appreciate your help, thank you again
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#3
8 years ago
Every little bit helps, right? Glad I solved your question
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