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practice_final_multiple_choice

practice_final_multiple_choice - 1 A consumer may increase...

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1) A consumer may increase her saving by A) working more hours and consuming more goods in the present period. B) working more hours and consuming fewer goods in the present period. C) working fewer hours and consuming more goods in the present period. D) working fewer hours and consuming fewer goods in the present period. Answer:B 2) The assumption that current-period labor supply is positively related to the current-period real wage is justi fi ed as long as the 3) An increase in lifetime wealth is likely to
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