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Money Income (dollars) Observed 224 Change 160 B N2 Z U2 16 Hours of Leisure 16 0 Hours of Work If the individual modeled in
Money Income (dollars) Observed 224 Change 160 B N2 Z U2 16 Hours of Leisure 16 0 Hours of Work If the individual modeled in the diagram above is representative of the entire labor force, is the labor supply curve upward-sloping or downward-sloping? O backward-bending O upward-sloping O downward-sloping O It is impossible to tell from this diagram whether the labor supply curve slopes upward or downward
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