Graph 2 shows the budget constraint (in blue) of an individu…
Graph 2 shows the budget constraint (in blue) of an individual before any government policies. Suppose the government then establishes a Temporary Assistance to Needy Families (TANF) program, and the individual’s budget constraint changes to the one in red. Refer to Graph 2. Suppose the TANF program is established. What is the individual’s consumption if they spent all of their time in leisure? (do not enter a ‘$’ sign)
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