chapter_9_long

B a decrease in lifetime wealth and a decrease in

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Unformatted text preview: demand. C) a decrease in lifetime wealth and a decrease in current labour supply. D) an increase in lifetime wealth and a decrease in current labour supply. E) an increase in lifetime wealth and an increase in current labour supply. 33) 34) During World War II, the crowding out effect of a temporary increase in government spending A) may be larger for exports than for consumption. B) may be larger for investment than for consumption. C) may be larger for consumption than for investment. D) did not exist. E) may be larger for consumption than for exports. 34) 35) The equilibrium effects of a temporary increase in total factor productivity include A) an increase in the real wage and an increase in the real interest rate. B) an increase in the real wage and a decrease in the real interest rate. C) a decrease in the real wage and an increase in the real interest rate. D) a decrease in the real wage and a decrease in the real interest rate. E) only a decrease in the real interest rate. 35) 36) The marginal cost of...
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