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Business, 26.03.2020 05:22 ansatsai

Which of the following statements are true? Check al that apply. A) In the absence of price controls, a shortage puts downward pressure on wages until they fall to the equilibrium B) In this labor market, a minimum wage of 10.50 would be binding C) If the minimum wage is set at 7.50, the market will still be able to reach equilibrium. D.) Binding minimum wages causes cyclical unemployment

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Which of the following statements are true? Check al that apply. A) In the absence of price controls...
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