The Less Permanent an Employee Perceives an Increase in Her

question 51

Multiple Choice

The less permanent an employee perceives an increase in her real wages to be

• A)the smaller the income effect is and the more likely it is that the quantity of labour supplied will be increased.
• B)the smaller the income effect is and the more likely it is that the quantity of labour supplied will be reduced.
• C)the smaller the substitution effect is and the more likely it is that the quantity of labour supplied will be increased.
• D)the smaller the substitution effect is and the more likely it is that the quantity of labour supplied will be reduced.

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The 18th President of the United States from 1869 to 1877 who previously served as commanding general of the Army during the Civil War.

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