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    Exam 4: Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization
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    A Pure Positive Income Shock Leads to
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A Pure Positive Income Shock Leads to

Question 48

Question 48

Multiple Choice

A pure positive income shock leads to


A) an increase in leisure and consumption.
B) an increase in leisure and work.
C) an increase in work and consumption.
D) an increase in leisure and taxes.

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