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Consider date in the table below: 2023 2023 2023 2024 2024 2024 Factor F Benefits Labor Supply Factor F Benefits Labor Supply New Jersey 100

Consider date in the table below: 2023 2023 2023 2024 2024 2024 Factor F Benefits Labor Supply Factor F Benefits Labor Supply New Jersey 100 1000 120 120 1100 120 New York 100 1000 120 120 1000 130 Imagine that the government in New York decides to increase the benefits to 1100. What is the impact on labor supply in New York? lations Roster Labor supply would not change Labor supply would fall by 10 Labor supply would increase by 20 None of the above

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