Because of Intertemporal Substitution,the Supply of Labor Is Likely To

question 3

Multiple Choice

Because of intertemporal substitution,the supply of labor is likely to:

• A) decrease when the economy grows more rapidly.
• B) increase when the economy grows more rapidly.
• C) remain constant regardless of how fast the economy grows.
• D) become unpredictable when a shock occurs in an economy.

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