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WebLabor-leisure tradeoff and the labor supply curve Google Classroom About Transcript The basis of the labor supply curve is the tradeoff of labor and leisure. When wages increase, the opportunity cost of leisure increases and people supply more labor. Interestingly, this is not always the case! Web15 Apr 2024 · The so-called Laffer Curve , developed by economist Arthur Laffer in the 1970s, shows how tax hikes impact revenue. It demonstrates that certain taxes and rates are prohibitive, actually reducing the overall collections by the government. cytoplasmatisk antistoff
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