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    Foundations of Macroeconomics
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    Exam 7: Government Actions in Markets
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    A Minimum Wage Set Above the Equilibrium Wage
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A Minimum Wage Set Above the Equilibrium Wage

Question 120

Question 120

Multiple Choice

A minimum wage set above the equilibrium wage


A) decreases the deadweight loss in the market.
B) decreases the workers' surplus because workers must spend resources looking for jobs.
C) increases the firm's surplus.
D) increases the market's efficiency.
E) has no effect on the market.

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