Multiple Choice
If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment:
A) Increase; increase.
B) Increase; not change.
C) Not change, increase.
D) Do none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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