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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 16
Select the normative statement that completes the following sentence. If the minimum wage is raised rapidly, then
A) inflation will increase.
B) workers will gain their rightful share of total income.
C) profits will fall.
D) unemployment will rise.
A) inflation will increase.
B) workers will gain their rightful share of total income.
C) profits will fall.
D) unemployment will rise.
Explanation
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Normative statement is that part of econ...
Economics for Today 9th Edition by Irvin Tucker
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