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Assume the United States government is planning changes in economic and social policy to decrease wage inequality.

Evaluate whether the following will help:
(a) Decrease the benefit level to welfare recipients.
(b) Increase the benefit level paid to welfare recipients.
(c) Provide wage subsidies to firms that hire the less-advantaged.
(d) Initiate a federal training program the raises the skills of poor individuals.
(e) Pass a law mandating that all workers must be paid a "living wage," which means that all wages must be sufficient to support a family of four financially.

 

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9309121

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