Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
Question
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Chapter 4, Problem 6CQ

(a)

To determine

Impact of an increase in minimum wage on the employment.

(b)

To determine

Impact of an increase in minimum wage on the unemployment.

(c)

To determine

Impact of an increase in minimum wage on the availability of low-skilled workers.

(d)

To determine

Impact of an increase in minimum wage on the demand for high-skilled workers.

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