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    Principles of Economics Study Set 8
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    Exam 28: Unemployment and Its Natural Rate
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    If the Wage Is Kept Above the Equilibrium Level Because
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If the Wage Is Kept Above the Equilibrium Level Because

Question 326

Question 326

True/False

If the wage is kept above the equilibrium level because of minimum-wage laws, then the result is unemployment; if the wage is kept above the equilibrium level for some other reason, the result need not be unemployment.

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