The wealth effect is another term for the

A) the interest rate effect. B) the real-balance effect.
C) substitution effect. D) the indirect effect.

B

Economics

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The neoclassical growth theory is based on a subsistence real wage rate

Indicate whether the statement is true or false

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Under most circumstances, the application of taxes on goods will only affect who gets the goods

Indicate whether the statement is true or false

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