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Income tax surcharge increases the percentage clem

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"Labor Market: Output, employment, and productivity"

How would each of the following affect Clem Fandango's supply of labor?

(a) The value of Clem's home triples in an unexpectedly hot real estate market.

(b) Clem, a gofer at a recording studio, acquires skills giving him access to a higher-paying job as a studio engineer. Assume his preferences about leisure are no affected by the change in jobs.

(c) A temporary income tax surcharge increases the percentage Clem must pay in taxes for the current year only.

Reference no: EM132240834

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