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23 Mar 2018
Wage Rate Quantity Supplied Quantity Demanded (dollars per hour) (millions of hours) (millions of hours) 50 30 20 17) Refer to Table 6.2.2. What is the level of unemployment in millions of hours if the minimum wage is set at $7 per hour? A) 10 B) 40 C) 30 D) 20 E) zero
Wage Rate Quantity Supplied Quantity Demanded (dollars per hour) (millions of hours) (millions of hours) 50 30 20 17) Refer to Table 6.2.2. What is the level of unemployment in millions of hours if the minimum wage is set at $7 per hour? A) 10 B) 40 C) 30 D) 20 E) zero
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