In a Life-Cycle Model,a Worker with Constant Household Productivity Will

question 37

Multiple Choice

In a life-cycle model,a worker with constant household productivity will react to an expected decrease in wages by

• A) increasing his labor supply.
• B) decreasing his labor supply.
• C) not changing his labor supply, since the wage increase was expected.
• D) either increasing or decreasing his labor supply.

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