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Which of the following describes paralysis of one arm?
Labor Supply
The total hours that workers are willing and able to work at a given wage rate in an economy.
Time Allocation
The decision about how many hours to spend on different activities, which leads to a decision about how much labor to supply.
Income Effect
The change in an individual’s or economy’s income and how that change affects the quantity demanded of a good or service.
Hourly Wage
The amount of money paid for each hour of work, often set by an employer or by legal minimum wage laws.
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