Write a list of five factors that affect household consumption and labor supply decisions:
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Q39: Assume that the substitution effect dominates. Explain
Q40: Using the substitution effect, explain the likely
Q41: What is the usual and expected relationship
Q42: Investment decisions require looking into the future
Q43: Explain why the presence of significant adjustment
Q45: Using the life-cycle theory of consumption, explain
Q46: Explain the life-cycle theory of consumption. How
Q47: Why is it that housing investment fell
Q48: Compare and contrast the labor force participation
Q49: Define the constrained supply of labor.
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