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7. What effect will each of the following proposed changes have on wage inequality? Explain your answer in words. a. Indexing the minimum wage to

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7. What effect will each of the following proposed changes have on wage inequality? Explain your answer in words. a. Indexing the minimum wage to inflation. b. Increasing the cash benefit paid to welfare recipients in the AFDC system (i.e., a system with 100% tax on earnings with no work requirements). c. Increasing wage subsidies paid to firms that hire low-skill workers

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