Members of Congress are interested in increasing the minimum wage from its current rate of $7.25 an hour to $15. What affect will this have on the unemployment rate for low skilled workers? How is...



  1. Members of Congress are interested in increasing the minimum wage from its current rate of $7.25 an hour to $15. What affect will this have on the unemployment rate for low skilled workers? How is this likely to impact equilibrium output and the price level in the short run?




Jun 10, 2022
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