Multiple Choice
A stock market crash that reduces the value of an individual's trust fund would tend to
A) increase her supply of labor if the substitution effect outweighs the income effect
B) decrease her supply of labor if the substitution effect outweighs the income effect
C) have no impact on her labor supply decision
D) increase her supply of labor
E) decrease her supply of labor
Correct Answer:
Verified
Correct Answer:
Verified
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