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Author Question: -1 Refer to Figure 9-1.Based on the graph of the labor market above, if a minimum wage is ... (Read 240 times)

sammy

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Figure 9-1











Refer to Figure 9-1. Based on the graph of the labor market above, if a minimum wage is set at $5 per hour, which of the following will occur?


◦ The unemployment rate will rise.
◦ The unemployment rate will fall.
◦ The level of unemployment will rise, but the percentage of the labor force unemployed will not change.
◦ None of these will occur.


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Marked as best answer by sammy on Mar 16, 2019

Jody Vaughn

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Jody Vaughn

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