In a One-Period Economy, the Expression for the Budget Constraint $\pi$

question 38

Multiple Choice

In a one-period economy, the expression for the budget constraint is

• A) C = w(N^s + l) + \(\pi\) - T.
• B) C = wN^s + \(\pi\) - T.
• C) C = w(h + l) + \(\pi\) - T.
• D) C = wl = wh + \(\pi\) - T.
• E) C = w(N^s + l) + \(\pi\) + T.

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