5. A minimum wage set above the market equilibrium wage rate . A. increases both employment and...

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5. 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 Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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