How would each of the following factors be likely to affect the economy-wide supply of labor? a.
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a. The age at which people are eligible for Medicare is increased.
b. Increased productivity causes real wages to rise.
c. War preparations lead to the institution of a national draft, and many young people are called up.
d. More people decide to have children (consider both short-term and long-term effects).
e. Social Security benefits are made more generous.
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