An increase in an effective federal minimum wage would tend to cause O A. a decrease in wage rates and an increase in employment O B. an increase in wage rates and employment OC.a decrease in wage rates and employment O D.an increase in wage rates and a decrease in employment

An increase in an effective federal minimum wage would tend to cause O A. a decrease in wage rates and an increase in employment O B. an increase in wage rates and employment OC.a decrease in wage rates and employment O D.an increase in wage rates and a decrease in employment

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 4CQQ

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Question

An increase in an effective federal minimum wage would tend to cause
O A. a decrease in wage rates and an increase in employment
O B. an increase in wage rates and employment
OC.a decrease in wage rates and employment
D. an increase in wage rates and a decrease in employment

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