During the postwar period, increased real wages for women led to an increase in the labor force participation rate for women. This implies that, for women,
A) the substitution effect of a wage increase is greater than the income effect.
B) the substitution effect of a wage increase is less than the income effect.
C) the substitution effect of a wage increase equals the income effect.
D) wage increases do not have an income effect.
Correct Answer:
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