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In the U.S., the current federal minimum wage is $7.25. Democrats have been trying to implement a $15-per-hour minimum wage. What effects, if any, could
In the U.S., the current federal minimum wage is $7.25. Democrats have been trying to implement a $15-per-hour minimum wage. What effects, if any, could such a policy have on the natural rate of unemployment? Clearly state any assumption you are making.
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