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Compute the overall rate of inflation

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Question: Explain what impact an increase in the minimum wage from $5.15 to $7.00 per hour would have on:

(A) The overall rate of inflation.

(B) The unemployment rate for African-American male teenagers.

(C) The price of hamburgers.

(D) Employment of university professors and Senators.

(E) Cost of college tuition.

(F) Employment in the apparel industry.

(G) Employment at Wal-Mart stores.

(H) The price of new motor vehicles.

(I) The price of used motor vehicles.

(J) Employment of computer programmers.

(K) The price of medical care services.

Reference no: EM131737409

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