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In a One-Period Economy, the Expression for the Budget Constraint $\pi$

Question 38

Multiple Choice

In a one-period economy, the expression for the budget constraint is

A) C = w(N^s + l) + $\pi$ - T.
B) C = wN^s + $\pi$ - T.
C) C = w(h + l) + $\pi$ - T.
D) C = wl = wh + $\pi$ - T.
E) C = w(N^s + l) + $\pi$ + T.

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