Business, 03.06.2020 14:05 mrstealyogirl40

FILL IN THE BLANKS Using several types of public policies, the government has attempted to alleviate poverty, with varying success. One example is minimum wage laws.

An important effect of this type of policy is that it can result in (higher/lower) unemployment among the workers who are affected by the minimum wage.

The magnitude of the change in unemployment associated with a minimum wage depends on the elasticity of demand for (skilled/unskilled) labor.

The more ( inelastic/elastic) the demand for this type of labor, the lower the unemployment caused by the minimum wage.

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FILL IN THE BLANKS Using several types of public policies, the government has attempted to alleviat...