A minimum wage set above the market equilibrium wage rate ________. A. Increases both employment and the

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A minimum wage set above the market equilibrium wage rate ________.

A. Increases both employment and the quantity of labor supplied

B. Decreases unemployment and raises the wage rate of those employed

C. Raises the wage rate of those employed and increases the supply of jobs

D. Increases unemployment and decreases employment

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 05:37 AM

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A minimum wage set above the market equilibrium wage rate ________. A. Increases both employment and the

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D Because the minimum wage exceed...View the full answer

Foundations of Macroeconomics

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