(Answered) 1 explain the predicted change in the labor force

Economics

1. Explain the predicted change in the labor force participation rate of college students of the following events. Use good economic terminology and graphically illustrate your answer with the expected results for a single individual:

a. An increase in their expected hourly wage rate, other things held constant.

b. An increase in their non-labor income, other things held constant

Analyze these as two separate events.

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