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    Principles of Macroeconomics Study Set 8
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    Exam 15: Unemployment: Minimum-Wage Laws
  5. Question
    Minimum-Wage Laws
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Minimum-Wage Laws

Question 2

Question 2

Multiple Choice

Minimum-wage laws


A) reduce unemployment.
B) cause labor shortages,which further raise wages above equilibrium.
C) affect highly-educated workers more than high school dropouts.
D) None of the above is correct.

Correct Answer:

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