Shane just received a pay raise. Which of the following actions would be an example of the substitution effect on labor?
a. deciding to work extra hours
b. deciding to spend more time on leisure
c. deciding to purchase more expensive brands
d. deciding to save more money for retirement
a. deciding to work extra hours
Economics
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Trends in the workplace include this leading one:
a. In recent years, being underemployed, having employment beneath one's level of education and experience b. Longer lunch hours c. Kinder, more empathetic bosses d. More work space, larger private offices
Economics
An expansionary gap generally creates inflationary pressure in an economy
a. True b. False Indicate whether the statement is true or false
Economics