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What is the Money Illusion? Group of answer choices People base their labor supply on the price level, ignoring nominal wages. People base their labor

What is the Money Illusion? Group of answer choices People base their labor supply on the price level, ignoring nominal wages. People base their labor supply on factors independent from money. People base their labor supply on nominal wages, ignoring the price level. People base their labor supply on real wages, accounting for the price level

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