The minimum wage is a
A) possible cause of job rationing because it lowers wages below their equilibrium.
B) possible cause of job search because it lowers wages below their equilibrium.
C) government established highest wage that is legal to pay.
D) factor that decreases unemployment because fewer people search for work if the minimum wage is increased.
E) possible cause of job rationing because it raises wages above their equilibrium.
Correct Answer:
Verified
Q40: The Bubby Gum factory produces bubble gum.
Q41: Job search is defined as
A)saying you are
Q42: Which of the following statements is (are)true?
I.
Q43: If the amount paid as unemployment benefits
Q44: Which of the following statement or statements
Q46: According to the production function, as the
Q47: The-------------describes the relationship between the amount of
Q48: The Monetarist model expands the Keynesian model
Q49: A firm's demand for labor depends on
Q50: The length of time an unemployed person
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents