For each statement below state which each is true or false, and briefly but precisely explain your answer.

1. If leisure is a normal good, then workers will reduce their hours in response to an increase in the wage. (5 points)

2.The Natural Rate of Unemployment is fixed and cannot be changed. (5 points)

3. Ignoring the question of joint labor supply decisions, if Lisa's husband gets a raise, she tends to work less. (5 points)

4. Ignoring the question of joint labor supply decisions, if Lisa gets a raise, she tends to work more (5 points)

5.An increase in the cost of agricultural land or equipment will reduce the wages of farmworkers. (5 points)

6.If leisure is a normal good, then workers will reduce their hours in response to an increase in the wage. (5 points)