Suppose that nurses' salaries are set at a guaranteed minimum. We would expect all of the following to be true except

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When a guaranteed minimum salary is set, it typically ensures that wages do not fall below a certain level. The market clearing wage, which is the wage at which the quantity of labor supplied equals the quantity of labor demanded, does not necessarily rise above this minimum. Instead, the minimum wage is often set to prevent wages from falling too low, rather than pushing the market clearing wage higher. Choices B, C, D, and E are logical consequences of setting a minimum wage, as they reflect increased interest in the profession, higher costs for employers, and an expansion in the supply of labor and training opportunities.

Suppose That Nurses' Salaries Are Set at a Guaranteed Minimum