If a Minimum Wage Law Is Passed Imposing a Price

question 84

Multiple Choice

If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ unemployment and ____ the natural rate of unemployment:

• A)​Increase; increase.
• B)​Increase; not change.
• C)​Not change, increase.
• D)​Do none of the above.

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