How would each of the following events affect Cheryl Shirker's supply of labor?
(a) Cheryl's firm announces a reorganization plan, in which she will get a big promotion and raise in six months.
(b) Cheryl's speculative investment in plutonium futures pays off big, netting her a profit of $300 thousand.
(c) Cheryl's father, who had planned to leave her a large bequest, must spend all his wealth on medical bills after a prolonged illness.
(a) The higher future real wage reduces current labor supply.
(b) Higher wealth reduces labor supply.
(c) Lower wealth increases labor supply.
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