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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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    An Increase in the Minimum Wage Above the Equilibrium Wage
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An Increase in the Minimum Wage Above the Equilibrium Wage

Question 127

Question 127

Multiple Choice

An increase in the minimum wage above the equilibrium wage


A) reduces structural unemployment.
B) reduces frictional unemployment,
C) increases structural unemployment.
D) increases frictional unemployment.

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