Xiaoyu earns the minimum hourly wage in China, and works 40 hours a week. When her boss

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Xiaoyu earns the minimum hourly wage in China, and works 40 hours a week. When her boss offers to increase her hourly wage by 20%, she accepts the offer and decides to continue working 40 hours per week. What is the effect of Xiaoyu’s decision on the labor supply curve?

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Macroeconomics Policy And Practice

ISBN: 9781292019598

2nd Global Edition

Authors: Frederic S Mishkin

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