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If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?
Financial Instruments
Contracts and securities that represent a financial value or obligation, such as stocks, bonds, options, and futures.
Bondholders
Investors who own bonds issued by corporations or governments, entitled to receive interest payments and the principal amount upon maturity.
Creditors
Individuals or institutions that lend money or extend credit to others, expecting repayment in the future with possible interest.
Money Market Instruments
Short-term debt securities issued by financial institutions, companies, and governments.
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