Which of the following has a tendency to raise the unemployment rate? offering wages at the market-clearing

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Which of the following has a tendency to raise the unemployment rate?

offering wages at the market-clearing rate

reducing unemployment insurance in an economy

reducing labor union membership in an economy

implementing a minimum wage above the market wage in an economy

I believe the answer id offering wages at the market clearing rate, can someone give me an explanation,

Posted Date: Jun 25, 2024 11:33 PM

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Which of the following has a tendency to raise the unemployment rate? offering wages at the market-clearing

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