Question
What would happen to unemployment and full-employment output if new policies were implemented in order to: a) Raise the minimum wage in both the public
What would happen to unemployment and full-employment output if new policies were implemented in order to:
a) Raise the minimum wage in both the public and private sector to $15 per hour?
b) What if minimum wage went to $30 per hour instead of $15?
c) All non-renewable forms of energy (oil, natural gas, coal) were banned by 2025?
d) What if big tech companies were broken up?
note: You are not expected to give definite answers to such difficult questions. Instead, you are expected to analyze potentially different scenarios using the tools you have learned and form cogent arguments.
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