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dollars per hour. 1.4. Now assume you are the policy maker in charge of this program. You would like to approve and implement the program
dollars per hour. 1.4. Now assume you are the policy maker in charge of this program. You would like to approve and implement the program only if (1) it would increase labor force participation (i.e. if it raises the amount of people who work at least some number of hours) and (2) if it would not reduce hours of work among people who were already working before the program was introduced. Based on your answers to the previous questions, how does the program affect (1) labor force participation and (2) work hours among working people? Are the aggregate effects ambiguous
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