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An increase in the real wage

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An increase in the real wage

An increase in the real wage
A) unambiguously increases consumption and increases labour supply.
B) increases consumption and has an ambiguous effect on labour supply.
C) has an ambiguous effect on consumption and increases labour supply.
D) has an ambiguous effect on both consumption and labour supply.
E) increases consumption and decreases labour supply.

Textbook

Macroeconomics, Canadian Edition

Edition: 5^th

Author: Williamson

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