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The substitution effect of higher wages suggests that as your wages increase, you can work fewer hours to maintain the same standard of living.
Intramolecular Aldol
A chemical reaction where an aldol condensation occurs within a single molecule, forming a cyclic compound.
2,6-heptanedione
An organic compound characterized by a seven-carbon chain with ketone groups located at the second and sixth carbons.
Crossed Aldol Reaction
An aldol reaction where two different aldehydes or ketones are combined in the presence of a base or acid to produce a β-hydroxy aldehyde or ketone.
Self-aldol Condensation
A reaction where an aldehyde or ketone undergoes condensation with itself in the presence of a base to form a β-hydroxycarbonyl compound (an aldol) or a dehydrated version thereof.
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