Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 20RQ: Why is there unemployment in a labor market with flexible wages?
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Positive or Normative
![a. The minimum wage creates unemployment among young and unskilled workers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a17548a-bdc6-42aa-a967-74f8fbaf722c%2F4b5ed955-86d1-4a52-ab85-572e9d73a9c7%2Frbo58t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a. The minimum wage creates unemployment among young and unskilled workers.
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