Question: a. Does an increase in the minimum wage rate result in a higher unemployment rate? What is your opinion on the relationship between unemployment benefits

a. Does an increase in the minimum wage rate result in a higher unemployment rate? What is your opinion on the relationship between unemployment benefits and labor market participation of the unemployed people?

b. how do we use consumer price index (CPI) to measure the cost of living? what is the relationship between CPI and the rate of inflation?

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a Increase in the Minimum Wage and Unemployment Rate 1 Economic Principles The theoretical perspective often begins with the supply and demand model A... View full answer

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