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Rken Rken
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6 years ago
In the summer of 2009, the United States federal minimum wage was raised to $7.25.  According to theory, what will likely be the result of the increase?
A) Firms will hire more workers.
B) Unemployment will increase as firms lay off workers.
C) Some workers will leave the labor market.
D) All workers prior to the wage increase will now earn at least $7.25 per hour.
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goldlilysgoldlilys
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6 years ago
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Rken Author
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#2
6 years ago
Thanks a lot
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