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4) Any increase in the present value of taxes implies A) an increase in lifetime wealth and an increase in the current labor supply. B)

4) Any increase in the present value of taxes implies

A) an increase in lifetime wealth and an increase in the current labor supply.

B) an increase in lifetime wealth and a decrease in the current labor supply.

C) a decrease in lifetime wealth and an increase in the current labor supply.

D) a decrease in lifetime wealth and a decrease in the current labor supply.

E) none of the above

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