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A Stock Market Crash That Reduces the Value of an Individual's

Question 41

Multiple Choice

A stock market crash that reduces the value of an individual's trust fund will tend to _____


A) increase his or her supply of labor if the substitution effect outweighs the income effect.
B) decrease his or her supply of labor if the substitution effect outweighs the income effect.
C) have no impact on his or her labor supply.
D) increase his or her labor supply.
E) decrease his or her labor supply.

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