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smitch6 smitch6
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6 years ago
The assumption that current-period labour supply is positively related to the current-period real wage is justified as long as the
A) income effect dominates the substitution effect in the short run.
B) income effect dominates the substitution effect in the long run.
C) substitution effect dominates the income effect in the short run.
D) substitution effect dominates the income effect in the long run.
E) substitution effect equals the income effect in the long run.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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6 years ago
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smitch6 Author
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6 years ago
Thank you, thank you, thank you!
annielin111
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Yesterday
Thanks
mikeh209
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2 hours ago
Good timing, thanks!
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