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d. New budgeting practices reduces the amount of labor demanded by firms 2. Which of the following is true for a borrower whose income effect
d. New budgeting practices reduces the amount of labor demanded by firms 2. Which of the following is true for a borrower whose income effect is dominant? a. They are a net purchaser of bonds b. They are net issuer of bonds c. If interest rates fall they increase spending on c1 d. If interests rates fall they decrease spending on c1 is NOT true
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