What are the effects of an increase in preferences toward more leisure: The effect on real wages is ambiguous. Real wages go down. Real wages remain constant. O Real wages go up.

What are the effects of an increase in preferences toward more leisure:<br>The effect on real wages is ambiguous.<br>Real wages go down.<br>Real wages remain constant.<br>O Real wages go up.<br>

Extracted text: What are the effects of an increase in preferences toward more leisure: The effect on real wages is ambiguous. Real wages go down. Real wages remain constant. O Real wages go up.

A pro-cyclical variable is one that<br>Tends to move in the same direction as GDP<br>Tends to cause recessions<br>Tends to rise as the economy goes into a business cycle recession<br>O All of these things<br>

Extracted text: A pro-cyclical variable is one that Tends to move in the same direction as GDP Tends to cause recessions Tends to rise as the economy goes into a business cycle recession O All of these things

Jun 08, 2022

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What are the effects of an increase in preferences toward more leisure: The effect on real wages is ambiguous. Real wages go down. Real wages remain constant. O Real wages go up.

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