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    Principles of Macroeconomics Study Set 11
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    Exam 16: Household and Firm Behavior in the Macroeconomy: a Further Look
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    How Does a Household Respond When It Is Constrained from Working
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How Does a Household Respond When It Is Constrained from Working

Question 44

Question 44

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How does a household respond when it is constrained from working as much as it would like? Explain with the use of an example.

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It consumes less. If your current wage r...

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