Intertemporal substitution means that a person or a business is least likely to work hard when working hard brings the greatest return.
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Q171: Which of the following is NOT a
Q172: Uncertainly might keep resources in less productive
Q173: Which of the following is NOT a
Q174: Economists disagree on the importance of intertemporal
Q175: Intertemporal substitution can magnify the effects of
Q177: When the economy is in recession,we tend
Q178: Because of intertemporal substitution,a real shock has
Q179: A medium-sized negative shock:
A) always produces a
Q180: Intertemporal substitution refers only to the substitution
Q181: Labor adjustment costs always lead to rational
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