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In the labor-leisure model of labor supply, with consumption on the y-axis and leisure on the x-axis, an increase in wages does what? Group of
In the labor-leisure model of labor supply, with consumption on the y-axis and leisure on the x-axis, an increase in wages does what? Group of answer choices Flattens the budget constraint, but it's unclear whether people work more Flattens the budget constraint, so that people work more Steepens the budget constraint, so that people work more Steepens the budget constraint, but it's unclear whether people work more
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