Food stamp benefits are phased out in a complicated fashion that varies from state to state. However,
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Food stamp benefits are phased out in a complicated fashion that varies from state to state. However, at some point near the poverty line, food stamps worth about \(\$ 1,250\) are suddenly lost. Ignoring other aspects of the tax and transfer systems, sketch the income-leisure budget constraint associated with this provision. (Don't worry about the specific slope and intercept of the constraint; just sketch the general shape.)
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