What is the effect of a minimum wage set above the equilibrium wage rate in the market for low-skilled workers? A minimum wage set above the equilibrium wage rate for low-skilled workers A. creates more employment opportunities for low-skilled workers B. creates unemployment among low-skilled workers C. increases the number of good paying jobs available to young people D. creates more prosperity among younger people

What is the effect of a minimum wage set above the equilibrium wage rate in the market for low-skilled workers? A minimum wage set above the equilibrium wage rate for low-skilled workers A. creates more employment opportunities for low-skilled workers B. creates unemployment among low-skilled workers C. increases the number of good paying jobs available to young people D. creates more prosperity among younger people

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4CQQ

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