In the current period a perceived increase in the real wage, will cause households to:
A)work more.
B)consume fewer goods.
C)consume more leisure.
D)all of the above.

Name: In the current period a perceived increase in the real wage, will cause households to: A)work more. B)consume fewer goods. C)consume more leisure. D)all of the above.
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Question

Quizplus · Accepted Answer

An increase in the real wage makes working more attractive relative to leisure, leading households to work more.

In the Current Period a Perceived Increase in the Real