Plz answer the question a. An increase in the minimum wage leads to an increase in the unemployment rate for unskilled w

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answerhappygod
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Plz answer the question a. An increase in the minimum wage leads to an increase in the unemployment rate for unskilled w

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Plz answer the question
a. An increase in the minimum wage leads to an increasein the unemployment rate for unskilled workers. How is this likelyto impact equilibrium output and the price level in the shortrun?
b. New drilling technologies lead to a 50% increase inoil reserves. How will this impact equilibrium output and the pricelevel?
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