=+is the impulse to work less, because greater incomes mean workers can afford to consume more leisure.

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=+is the impulse to work less, because greater incomes mean workers can afford to consume more leisure. The substitution effect is the impulse

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 28, 2024 10:00 AM

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=+is the impulse to work less, because greater incomes mean workers can afford to consume more leisure. The substitution effect is the impulse
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=+is the impulse to work less, because greater incomes mean workers can afford to consume more leisure.

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Macroeconomics

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