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Homework answers / question archive / Use the Price setting/Wage setting model in Blanchard to explain and illustrate the effects of an increase in the National Minimum Wage (NMW)

Use the Price setting/Wage setting model in Blanchard to explain and illustrate the effects of an increase in the National Minimum Wage (NMW)

Economics

Use the Price setting/Wage setting model in Blanchard to explain and illustrate the effects of an increase in the National Minimum Wage (NMW). Evaluate this policy tool in this model's context. (30 marks)

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