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    Principles of Economics Study Set 3
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    Exam 28: Unemployment
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    When a Minimum-Wage Law Forces the Wage to Remain Above
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When a Minimum-Wage Law Forces the Wage to Remain Above

Question 434

Question 434

True/False

When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it reduces the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level.

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