× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
Peregrinus Peregrinus
wrote...
Posts: 266
Rep: 0 0
6 years ago
Suppose that during an economic boom, workers get higher wages. They do not expect the boom to last, and expect wages to return to their usual level. As a result, during the boom (compared to usual times),
A) they are likely to want to work more hours.
B) they are likely to work less hours.
C) they are likely to work the same hours as usual.
D) the answer is uncertain: it depends on which is stronger, the income or substitution effect.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
Read 95 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
A
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1283 People Browsing
Related Images
  
 268
  
 641
  
 338
Your Opinion
Who's your favorite biologist?
Votes: 586