Explain how to make military service voluntary

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suppose alternatively that the government chooses to make military service voluntary. As in in part (a), the government needs a units of the representative consumer's time to run the military, but must now purchase this time at the going market real wage. Assume that the government uses lump-sum, taxation to fund the wage payments for military service. Again, use a diagram to show the effects on aggregate consumption, the real wage, leisure, employment, and aggregate output.

Reference no: EM13214197

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