Consider the following supply/demand diagram of the labor market and please fill in all of the blanks below. Wage ($/hr)

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Consider The Following Supply Demand Diagram Of The Labor Market And Please Fill In All Of The Blanks Below Wage Hr 1 (70.76 KiB) Viewed 38 times

Consider the following supply/demand diagram of the labor market and please fill in all of the blanks below. Wage ($/hr) 9 S X D +++ 4 5 6 7 8 9 10 # of Workers 1. The equilbirum wage is dollars per hour and the equlibrium level of employment is workers. workers would be 2. If the government set the minimum wage to $4 per hour, then employed and workers would be unemployed 3. If the government set the minimum wage to be $7 per hour, then employed and workers would be unemployed 4. The unemployment generated in question (3) is structural). 5. At a minimum wage of $7, the unemployment rate in this labor market is round your answer to 2 decimal places). 250 US 8 २ 532 4 E 드 59 #S workers would be (choose one frictional, cylical, or percent (please