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Macroeconomic objectives and theory — Question 9

QCAA 2023, Paper 1 · 1 mark

Q9 · 2023 · External assessmentUnclassified1 mark

QUESTION 9

A government is interpreting a model of a labour supply curve in a highly developed economy.

Economics question figure

Assuming the average wage moves from W0 to W1, employees’ marginal propensity to consume leisure will

(A) increase.

(B) decrease.

(C) remain constant.

(D) decrease at an increasing rate.

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