Question: Explain the statements. Write arguments clearly If the consumer does not make an endogenous labor supply choice, then money is superneutral in the long run,
Explain the statements. Write arguments clearly
If the consumer does not make an endogenous labor supply choice, then money is superneutral in the long run, even if the utility function is not additively separable in consumption and money - i.e. ?=?[?]?[?].
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