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The answer to Minimum Wage

Suppose government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment of the labor market. Using a supply and demand framework of analysis, what do you expect to happen to employment in this segment of the labor market? (Assume that inflation and economic growth are both zero.)

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9209964

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