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

Question 71

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 decision.
D) increase his or her supply of labor.
E) decrease his or her supply of labor.

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