:!led labour because this type this type of labour is simply wage, to be consistent with at

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:!led labour because this type this type of labour is simply wage, to be consistent with at the minimum wage causes hour.

--e of unemployment. First, Iviously work, but may cause ocial unrest, etc. Hence, some voidable. Second, unskilled this amounts to shifting the demand for unskilled labour less of a disequilibrium wage.

skilled workers at the going

)ur shifts to the right, and

)tion is that the jobs that are n guarding the Town Clerk's is a revenue requirement on additional tax revenue that is e Chapter 6), the net benefits ase for the third option, since

- a jobs.

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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