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Suppose the government offered to pay $b to individuals who are not working. Illustrate the effect of this benefit in your diagram and show how
Suppose the government offered to pay $b to individuals who are not working. Illustrate the effect of this benefit in your diagram and show how it would affect wR. c. How would you expect this benefit to affect the labour force participation rate? Does your answer depend on any assumptions about preferences? Explain and illustrate
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
