question archive Suppose Oregon proposes indexing the minimum wage to inflation
Suppose Oregon proposes indexing the minimum wage to inflation
Subject:EconomicsPrice:2.88 Bought3
Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy. (In your response, assume that the minimum wage is an effective price floor and that both factor and product markets are perfectly competitive.)
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