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More Economics Q's- Degree Level


Sohan_Su
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can anyone help me answering these 4 essdays, theres 10 in total, just these four i am a bit stressing out over.

1. It is often been observed that labour supply is not very responsive to tax changes. Why might this be the case?

2. How does the theory of intertemporal choice and investment suggest that investment in education will be affected by "ability"?

3. The consumption of highly paid professionals such as lawyers and novelists, fluctuate less from year to year than their incomes. Why is this?

4. Will an increase in interest rates neccessarily increase saving? Explain

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can anyone help me answering these 4 essdays, theres 10 in total, just these four i am a bit stressing out over.

1. It is often been observed that labour supply is not very responsive to tax changes. Why might this be the case?

2. How does the theory of intertemporal choice and investment suggest that investment in education will be affected by "ability"?

3. The consumption of highly paid professionals such as lawyers and novelists, fluctuate less from year to year than their incomes. Why is this?

4. Will an increase in interest rates neccessarily increase saving? Explain

you want us to do your homework now, do u? :p

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