The situation has changed the incentives people face. In other words, the perceived costs and benefits of

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• The situation has changed the incentives people face. In other words, the perceived costs and benefits of their choices have changed. Inclement weather makes it more costly to go outside; thus, more people will choose to stay home and engage in at-home activities.

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Principles Of Macroeconomics

ISBN: 9781324034001

4th Edition

Authors: Dirk Mateer, Lee Coppock

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