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Minimum wage laws contribute to a higher unemployment rate by

zar

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Minimum wage laws contribute to a higher unemployment rate by

Question 1.

Classical economists believe that when the aggregate supply curve is horizontal, monetary policy and fiscal policy will have no effect on real output.

▸ true

▸ false

Question 2.

Minimum wage laws contribute to a higher unemployment rate by

▸ raising wages above the market clearing level in some labor markets.

▸ pushing wages below the market clearing level in some labor markets.

▸ raising wages above the market clearing level in all labor markets.

▸ pushing wages below the market clearing level in all labor markets.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 55 times

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Jacobian S.

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More solutions for this book are available here

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zar Author

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5 years ago

Exactly what I needed for my project, TYSM

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