-In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from D0 to D1 the wage rate ________ and the amount of employment ________.
Definitions:
Bond Sinking Fund
A fund set up by an issuer of a bond in which money is saved over time for the sole purpose of redeeming or buying back some or all of the bonds prior to their maturity.
Bond Sinking Fund
A method employed by issuers of bonds to set aside money over time to retire their debt at maturity.
Retired Immediately
A term typically referring to the full settlement or pay off of an obligation or liability at the time of its maturity.
Carrying Value
The book value of an asset on a company's balance sheet, calculated as the original cost minus accumulated depreciation or amortization.
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