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of hours offered for work in the market as compared to an increase in the wage rate. 7. If an income maintenance program entails a
of hours offered for work in the market as compared to an increase in the wage rate. 7. If an income maintenance program entails a $3,000 basic guaranteed benefit and a benefit-reduction rate of 3, what will be the size of the subsidy the individual or family receives if earnings are equal to $2,000? How much will total income be (earned and unearned)? What is the break-even level of income
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