Some policymakers claim that raising the minimum wage will result in economic growth.If increasing the minimum wage would actually generate economic growth,we would expect to eventually see nominal wages ________ and unemployment ________.

Question

Quizplus · Accepted Answer

If raising the minimum wage leads to economic growth, it would likely result in higher nominal wages due to increased demand for labor and potentially lower unemployment as businesses expand and hire more workers.

Some Policymakers Claim That Raising the Minimum Wage Will Result