Answer to Question #123203 in Macroeconomics for bandz

Question #123203
Use Figure 2 to fully discuss the welfare effect of setting a minimum wage of R 13/hr above or below the equilibrium wage.
1
Expert's answer
2020-06-19T17:35:23-0400
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Comments

Assignment Expert
24.06.20, 22:23

Dear visitor, please use panel for submitting new questions

Dee
23.06.20, 21:35

Which one of the following statements is correct? Although the economy’s output is at its maximum capacity, are there still structural and frictional unemployment. A. Cost-push unemployment. B. Natural unemployment rate. C. Unrealistic unemployment rate. D. “Steady-state”.

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