Question: Question 1 : ( 8 points total ) Please indicate whether each statement is true, false, or uncertain. If your answer is false or uncertain,

Question 1: (8 points total) Please indicate whether each statement is true, false, or uncertain. If your answer is false or uncertain, please provide a brief explanation (2 points each).
(a) Assuming low-skill labor and high skill labor are complements, then a reduction in the wage of high-skill workers should lead to increased hiring of low-skilled workers, all else equal.
(b) In the short run with only labor and capital as inputs, the substitution effect of wages on the amount of labor demanded is positive.
(c) After a wage increase, consumption is predicted to increase on average.
(d) After a wage increase, leisure is predicted to increase on average.
 Question 1: (8 points total) Please indicate whether each statement is

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