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A Minimum Wage Law (That Sets the Minimum Wage Above

Question 42

Multiple Choice

A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to


A) clear the market for unskilled workers.
B) increase employment for unskilled workers.
C) increase the number of firms in those industries where the law is effective.
D) reduce the hours worked for some unskilled workers.
E) all of the above

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