Multiple Choice
A pure positive income shock leads to
A) an increase in leisure and consumption.
B) an increase in leisure and work.
C) an increase in work and consumption.
D) an increase in leisure and taxes.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q43: The principle that consumers and firms optimize<br>A)
Q44: Constant returns to scale means that,given any
Q45: The Solow residual is a measure of<br>A)
Q46: The utility function captures<br>A) how consumers interact.<br>B)
Q47: A consumer's real disposable income equals<br>A) wage
Q49: A static decision is one that<br>A) is
Q50: Which of the following is false?<br>A) a
Q51: The time constraint for the consumer is<br>A)
Q52: An increase in taxes has the following
Q53: The optimal consumption bundle is the point