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Figure: The Effect of a Minimum Wage
-(Figure: The Effect of a Minimum Wage) Look at the figure The Effect of a Minimum Wage. Suppose the labor market is in equilibrium at E when the government imposes a minimum wage of WF. The quantity of labor supplied may_____, resulting in structural unemployment.
A) decrease to QD
B) stay at QE
C) increase to QS
D) stay at WE
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A) market equilibrium wages.
B) set
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Figure:
Q124: It is generally accepted that a binding
Q127: Use the following to answer questions :
Figure:
Q130: Efficiency wages are:
A) above equilibrium to encourage
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