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After reading and reviewing Chapter 8 and watching the video, Labor Markets and Minimum Wage: Crash Course Economics #28, answer one of the following discussion
After reading and reviewing Chapter 8 and watching the video, Labor Markets and Minimum Wage: Crash Course Economics #28, answer one of the following discussion questions. Make sure to include relevant points to your answer.
Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment rate is high, say 10%, versus low, say 4%? Explain.
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