If the government lowered the minimum wage but this had no effect on unemployment, one possible explanation could be:
A) those who are already unemployed refuse to work for such a low wage
B) the equilibrium wage was already above the minimum wage
C) most of the unemployed are teenagers who don't require high wages
D) the equilibrium wage was below the minimum wage
Correct Answer:
Verified
Q92: Graph 6-7 Q93: To fund new green energy research, suppose Q94: Graph 6-7 Q95: The term tax incidence refers to the: Q96: The main reason policymakers use price controls Q98: A subsidy on the sellers of coffee: Q99: A subsidy paid to the sellers of Q100: Unlike minimum wage laws, wage subsidies: Q101: Graph 6-10 Q102: Graph 6-8 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![]()
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A)division
A)increases
A)discourage firms![]()
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