What effect does an increase in the minimum wage have on the natural unemployment rate? Why?

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Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Mar 04, 2016 07:41 AM

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What effect does an increase in the minimum wage have on the natural unemployment rate? Why?

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A rise in the minimum wage increases the natural unemployment rate The hike in the minimu...View the full answer

Foundations of Macroeconomics

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