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1. What are the economic effects of a minimum wage law that establishes a wage floor above the current market-clearing wage? 2. Briefly state the

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1. What are the economic effects of a minimum wage law that establishes a wage floor above the current market-clearing wage? 2. Briefly state the findings of the two economists from Princeton University, David Card and Alan Krueger? 3. Briefly explain your thought on raising the Federal Minimum wage to $15

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