× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
ice5192 ice5192
wrote...
Posts: 822
Rep: 0 0
6 years ago
Intertemporal substitution of labour suggests that
A) the substitution effect of a permanent increase in the real wages is larger than the substitution effect of a temporary change in the real wage.
B) the substitution effect of a permanent increase in the real wages is smaller than the substitution effect of a temporary change in the real wage.
C) the substitution effect of a permanent increase in the real wages is equal to the substitution effect of a temporary change in the real wage.
D) hours worked are not affected by changes in real wages.
E) in the short run, the substitution effect of an increase in the real wage does not outweigh the income effect.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
Read 84 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1240 People Browsing
Related Images
  
 164
  
 378
  
 313
Your Opinion

Previous poll results: What's your favorite math subject?