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Government Intervention in Labor Markets Through the Institution of a Minimum

Question 29

Multiple Choice

Government intervention in labor markets through the institution of a minimum wage has most likely


A) made entry-level jobs more difficult to find.
B) increased the well-being of the nation's least-skilled workers.
C) had an unquestionable effect on the natural rate of unemployment.
D) led to a small wage differential between less- and more-skilled workers.
E) led employers to alter other terms of employment.

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