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Author Question: Explain how scarce jobs are allocated when a minimum wage is in place. What will be an ideal ... (Read 773 times)

evelyn o bentley

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Explain how scarce jobs are allocated when a minimum wage is in place.
 
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Question 2

The BLS reported that the CPI in July 2010 was 226 . This news tells you that _______.
 
  A. consumer prices during July were 226 percent higher than they were during the base year
  B. the CPI inflation rate in July was 26 percent a year
  C. consumer prices rose by 26 percent during the month of July
  D. the prices of consumption goods and services have risen, on average, by 126 percent since the base year


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abctaiwan

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