A columnist writing in the Wall Street Journal argues that because hourly wages in real terms rose,

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A columnist writing in the Wall Street Journal argues that because "hourly wages in real terms" rose, the "price of time" also rose. What is the "price of time"? Is the columnist correct that when real hourly wages rise, the price of time increases? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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