Figure 17-1 -In the Friedman "Fooling Model" If P(e)is Less Than P

question 169

Multiple Choice

Figure 17-1

-In the Friedman "Fooling Model" if P(e) is less than P then the labor supply curve in Figure 17-1 above

• A)shifts leftward when workers realize their error.
• B)always shifts rightward.
• C)initially remains the same.
• D)Both A and C are correct.

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