Discuss the likely effect of each of the following on the unemployment rate. a. The minimum wage
Question:
Discuss the likely effect of each of the following on the unemployment rate.
a. The minimum wage is increased by 100 percent.
b. The recession is over.
c. The government declares (voluntarily) a war on a neighboring country that is undergoing a serious political and economic crisis.
d. The country is flooded by a wave of economic immigrants.
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a If the minimum wage is increased by 100 percent it could potentially lead to an increase in the un...View the full answer
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