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    Foundations of Macroeconomics
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    Exam 7: Government Actions in Markets
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    -The Above Figure Shows a Labor Market with Minimum Wage
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-The Above Figure Shows a Labor Market with Minimum Wage

Question 4

Question 4

Multiple Choice

  -The above figure shows a labor market with minimum wage equal to $16.In this figure,after taking account of search costs,what area equals the workers' surplus? A)  area A B)  area B C)  area C D)  area D E)  area E
-The above figure shows a labor market with minimum wage equal to $16.In this figure,after taking account of search costs,what area equals the workers' surplus?


A) area A
B) area B
C) area C
D) area D
E) area E

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