Why might hours worked by the representative consumer decrease when the real wage increases?

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Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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Question Posted: Feb 21, 2020 07:37 AM

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Why might hours worked by the representative consumer decrease when the real wage increases?

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When wage increases there are two effects namely income and substitution If substitut...View the full answer

Macroeconomics

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