How does price issues effect minimum wages/ unemployment? The pros and cons. How does supply and...

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How does price issues effect minimum wages/ unemployment? The pros and cons. How does supply and demand affect minimum wages/ unemployment? The pros and cons. How does antitrust issues play a role in minimum wage/ unemployment?

How the minimum wages/unemployment impact Market Failure?

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Economic variables:

These are variable that have direct or indirect effect to the economy performance. Prices, policies, inflation are variable that affect different sectors of the economy. The government puts various measures to control the economy performance.

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How price issues affect

Pros

1. A slight increase in prices is contemplated as a good thing to the economy because it leads to a rise in the profit...

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What is an Economic Model? - Definition & Example

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Chapter 5 / Lesson 13
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Learn the economic model definition and explore the uses of economic models. Study economic model examples, such as the classical model and business cycles.


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