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When a Minimum-Wage Law Forces the Wage to Remain Above

Question 236

Multiple Choice

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a


A) shortage of labor and a shortage of jobs.
B) shortage of labor and a surplus of jobs.
C) surplus of labor and a shortage of jobs.
D) surplus of labor and a surplus of jobs.

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