Under pressure from lobbying groups, the President of a newly-independent country implements a minimum wage of $6/hour. The eq’m wage…

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March 12, 2021
Help needed!! Computer Science/ Visual Basic programming.
March 12, 2021

Under pressure from lobbying groups, the President of a newly-independent country implements a minimum wage of $6/hour. The eq’m wage…

Under pressure from lobbying groups, the President of a newly-independent country implements a minimum wage of $6/hour. The eq’m wage is currently $7/hour, eq’m Q of labor is 35 hours. Using generic QLS and QLD labels (if necessary), show what is going on in this economy after the minimum wage goes into effect. How much unemployment results?
 
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