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This is made by teacher but Can use internet to help out. Use the textbook, the notes, and Internet search to answer the following questions

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This is made by teacher but Can use internet to help out.

image text in transcribed Use the textbook, the notes, and Internet search to answer the following questions about the minimum wage policy. a. Is the minimum wage an example of a price ceiling or a price floor? b. What is the main argument in favor of having an established minimum wage? c. What is the most common argument economists make against the minimum wage? d. What is the current federal minimum wage rate? e. When was the last time the federal minimum wage was adjusted? (Month and year, please) f. What are the latest political developments on this front? Is it likely that the minimum wage gets adjusted any time soon

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