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QUESTION 23 In an article you read for class, Gregory Mankiw argued that augment

ID: 1134046 • Letter: Q

Question

QUESTION 23 In an article you read for class, Gregory Mankiw argued that augmenting the incomes of low-wage workers by imposing a minimum wage on employers (choose all correct responses) is unfair because employers are already helping low-wage workers by giving them jobs. is fair because those employers benefit (through higher profits) from their legal right to pay people less than a living wage. is an inferior policy to an Earned Income Tax Credit, in which taxpayers, rather than employers, subsidize the incomes of low-wage workers. is the best way to increase the incomes of low-wage workers. will cause some low-wage workers to lose their jobs or be offered fewer hours of work per period. ak Saue All Ansuers to save all answers. Save All Ans mit Ci

Explanation / Answer

Ans

C, Last option is right. He cites studies which point out that this causes some unemployment

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