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a) According to the job search explanation, why is there unemployment? b) Explain the following statement: When minimum wage laws are binding, they result in

a) According to the job search explanation, why is there unemployment? b) Explain the following statement: "When minimum wage laws are binding, they result in unemployment." c) Discuss the 'unionisation' debate. What are the positive and negative effects when a union raises the wage above the equilibrium level

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