The CBO estimates that unemployment would increase by 0.3%, which is the same as saying the average worker would get 0.3% fewer hours. How many hours would a worker who got 40 hours/week at the old, lower minimum wage get at the new, higher minimum wage if their boss cut their hours by 0.3% (round to one decimal place)

The CBO estimates that unemployment would increase by 0.3%, which is the same as saying the average worker would get 0.3% fewer hours. How many hours would a worker who got 40 hours/week at the old, lower minimum wage get at the new, higher minimum wage if their boss cut their hours by 0.3% (round to one decimal place)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 9P

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