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A Permanent Increase in the Real Wage Rate Has a ________

question 82

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A permanent increase in the real wage rate has a ________ income effect on labor supply than a temporary increase in the real wage,so labor supply is ________ with a permanent wage increase than for a temporary wage increase.


Definitions:

Posttraumatic Stress

A mental health condition triggered by experiencing or witnessing a terrifying event, causing intense fear, helplessness, or horror.

Severity

The intensity or degree of seriousness of a condition or situation.

Stress Disorders

Conditions characterized by psychological and physical symptoms that result from substantial or prolonged stress, such as PTSD.

PTSD

Post-Traumatic Stress Disorder; a psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event.

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