Some politicians have suggested tying the minimum wage to the consumer price index (CPI). Using the AD/AS
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Some politicians have suggested tying the minimum wage to the consumer price index (CPI). Using the AD/AS diagram, what effects would this policy most likely have on output, the price level, and employment?
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Tying the minimum wage to the consumer price index CPI is a policy aimed at ensuring that the minimum wage keeps pace with inflation allowing workers ...View the full answer
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