Will there be anyone seeking a job at the equilibrium wage who is unable to find one–that is, will there be anyone who is involuntarily unemployed?
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Will there be anyone seeking a job at the equilibrium wage who is unable to find one–that is, will there be anyone who is involuntarily unemployed? B. Suppose the French government sets a minimum yearly wage of 35,000. Involuntary unemployment at this wage? If so, how much? Illustrate with a diagram. What if the minimum wage is set at 40,000?
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