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A newspaper cartoon shoes a wealthy person standing on a pile of money saying "your greed is hurting the economy!" to a fellow who clearly has no money but arries a sign demanding the minimum wage to be raised.
a) What effects would a binding minimum wage have on a labor market?
b) Suppose the man on the pile of cash earned this through profits. Are profits something that are "added on" to the costs of business, or do they represent something else?
c) Given the answers to (a) and (b), explain whether you agree or disagree with the sentiments of the cartoon.
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Karen Dynan, a former Federal Reserve economist, was quoted as stating: The size of the Fed’s balance sheet, which has more than doubled since the financial crisis of 2008, and the large amount of reserves sitting at the Fed has made officials at the..
q1. suppose the parliament passes legislation making it more difficult for firms to fire workers e.g. law requiring
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