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Question
The minimum wage is aA) possible cause of job search because it lowers wages below their equilibrium.
B) possible cause of job rationing because it lowers wages below their equilibrium.
C) government established highest wage that is legal to pay.
D) possible cause of job rationing because it raises wages above their equilibrium.
E) factor that decreases unemployment because fewer people search for work if the minimum wage is increased.
Answer
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Related questions
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D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
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