When a minimum wage is imposed, the number of people who lose their job will be less
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When a minimum wage is imposed, the number of people who lose their job will be less than the amount of any unemployment that may be created. Why is this?
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The idea that the imposition of a minimum wage may lead to a decrease in the number of jobs lost compared to the increase in unemployment is rooted in ...View the full answer
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Related Book For
Principles Of Economics
ISBN: 9781292294698
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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