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emma.locke16 emma.locke16
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6 years ago
If the minimum wage rate is set above the equilibrium wage rate, then
A) unemployment definitely increases.
B) unemployment definitely decreases.
C) unemployment definitely does not change.
D) unemployment either decreases or does not change.
E) None of the above answers is correct because the minimum wage decreases search but its effect on unemployment is ambiguous.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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foxrcng11foxrcng11
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#1
Posts: 130
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6 years ago
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emma.locke16 Author
wrote...

6 years ago
Correct Slight Smile TY
Gamiung3657
wrote...

Yesterday
Thanks for your help!!
lubennick
wrote...

2 hours ago
Thank you, thank you, thank you!
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