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Author Question: Which of the following is not likely to result from an increase in the federal minimum wage? a. an ... (Read 16 times)

mckennatimberlake

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on: Jun 30, 2018
Which of the following is not likely to result from an increase in the federal minimum wage?
 a. an increase in the quantity of low-skill labor supplied
  b. a decrease in the quantity of low-skill labor demanded
  c. a decrease in teenage unemployment
 d. an increase in teenage unemployment

Question 2

Why doesn't the government print money in order to solve its debt problems?


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Pamela.irrgang@yahoo.com

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

Government could print more money, but this would lead to a highly inflationary economy, which would in turn deeply undermine public confidence in the government and the stability of the market.


mckennatimberlake

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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