In an intertemporal l decision-making context the real, Business Economics

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In an intertemporal l decision-making context the real

In an intertemporal l decision-making context, the real interest rate is considered as the price of today’s consumption relative to future consumption. True or False?

The empirical fact that the labor supply curve is upward sloping suggests that the substitution effect of a higher wage on labor supply greater than the income effect. True or False?

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