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Title: Suppose that the equilibrium wage in the low-skilled labor market is $9.25. Furt Post by: Lauren1 on Nov 11, 2014 Suppose that the equilibrium wage in the low-skilled labor market is $9.25. Further, suppose the federal government raises the minimum wage to $9.00 an hour from its present level of $8.15. The government's action of increasing the minimum wage will result in
A) a decrease in unemployment. B) an increase in unemployment. C) a shortage of low-skilled labor. D) neither a shortage nor a surplus of labor in the low-skilled labor market. Title: Re: Suppose that the equilibrium wage in the low-skilled labor market is $9.25. Furt Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: Suppose that the equilibrium wage in the low-skilled labor market is $9.25. Furt Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: Suppose that the equilibrium wage in the low-skilled labor market is $9.25. Furt Post by: MrDereche on Nov 17, 2014 You're welcome!
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