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By the Theory of Intertemporal Substitution of Labor,a Higher Current

Question 1

Multiple Choice

By the theory of intertemporal substitution of labor,a higher current real interest rate ________ the amount of labor ________ at each real wage rate in the current period.


A) raises,demanded
B) raises,supplied
C) lowers,demanded
D) lowers,supplied

Correct Answer:

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