In Figure 33.1, how many people would lose their jobs as a result of the minimum wage? 
A. L*
B. LS-Lmin
C. L*-Lmin
D. LS - L*
Answer: C
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A reserve requirement of 10% implies a money multiplier of 10 and a reserve requirement of 15% implies a money multiplier of 15
a. True b. False Indicate whether the statement is true or false
As people have more time to adjust to a price change,
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Whenever a buyer and a seller agree to trade, both must believe they will be made better off
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