Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then the total number of unemployed people in the economy will be:

Minimum Wage and Job Loss I

A) 500.
B) 1,000.
C) 1,500.
D) 2,000.

Question

Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then the total number of unemployed people in the economy will be:
​
Minimum Wage and Job Loss I

A) 500. 
B) 1,000. 
C) 1,500. 
D) 2,000.

Quizplus · Accepted Answer

The Answer of Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then the total number of unemployed people in the economy will be:
​
Minimum Wage and Job Loss I

A) 500. 
B) 1,000. 
C) 1,500. 
D) 2,000.