That’s not a paradox, because rising wages have an income as well as a substitution effect.
这不是悖论，是因为工资增长有收入效应还有替代效应。
That's not a paradox, because rising wages have an income as well as a substitution effect.
这不是悖论，是因为工资增长有收入效应还有替代效应。
When the wealth effect is smaller than the substitution effect, the stock price negatively correlated with inflation.
当财富效应小于替代效应时，股价与通货膨胀负相关。
In addition, the catalytic effect of W5 and substitution effect on the reaction mechanisms and reaction barriers have also been considered.
此外，还研究了不同取代基和催化剂五羰基合钨对反应机理及反应位垒的影响。
As the price of a commodity rises, overall purchasing power decreases (the income effect) and consumers move toward relatively less expensive goods (the substitution effect).
商品的价格提高，整体的购买力下降(收入效应)，消费者转向购买相对价格低的商品(替代效应)。
As the price of a commodity rises, overall purchasing power decreases (the income effect) and consumers move toward relatively less expensive goods (the substitution effect).
商品的价格提高，整体的购买力下降(收入效应)，消费者转向购买相对价格低的商品(替代效应)。
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