In September 2016, the government of Alberta announced that it would raise the minimum in the province from $11.20 an hour to $15 an hour in 2018. Which of the following is most likely to occur as a result of the new minimum wage?
A) an increase in unemployment
B) a decrease in prices
C) a decrease in unemployment
D) a decrease in automation
E) an increase in the employment population ratio
Correct Answer:
Verified
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