Question: State whether the statement in bold below is True, False, or Uncertain. Justify your answer in a few sentences. Consider the static model that we

State whether the statement in bold below is True, False, or Uncertain. Justify your answer in a few sentences. Consider the static model that we have studied with capital in which the substitution effect is greater than the income effect for a change in the real wage and in which both consumption and leisure are normal goods. That model has a definite (that is, an UNambiguous) prediction regarding the cyclical properties of hours worked in response to a productivity shock

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