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A Minimum Wage Which Is Established Higher Than the Equilibrium

question 67

True/False

A minimum wage which is established higher than the equilibrium wage will result in higher unemployment.


Definitions:

Economic Woes

Issues and problems related to the economy, including inflation, unemployment, and recession.

Public Agenda

The set of policies or issues that are perceived by the political community as important and in need of attention and action.

Watchdog News

A type of journalism that focuses on exposing misconduct, corruption, and abuses of power in both public and private sectors.

Whistleblowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization that is either private or public.

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