Figure 9-1
-Refer to Figure 9-1.Based on the graph of the labor market above,if a minimum wage is set at $5 per hour,which of the following will occur?
A)The unemployment rate will rise.
B)The unemployment rate will fall.
C)The level of unemployment will rise,but the percentage of the labor force unemployed will not change.
D)None of the above will occur.

Question

Figure 9-1 
-Refer to Figure 9-1.Based on the graph of the labor market above,if a minimum wage is set at $5 per hour,which of the following will occur?
A)The unemployment rate will rise. 
B)The unemployment rate will fall. 
C)The level of unemployment will rise,but the percentage of the labor force unemployed will not change. 
D)None of the above will occur.

Quizplus · Accepted Answer

The Answer of Figure 9-1 
-Refer to Figure 9-1.Based on the graph of the labor market above,if a minimum wage is set at $5 per hour,which of the following will occur?
A)The unemployment rate will rise. 
B)The unemployment rate will fall. 
C)The level of unemployment will rise,but the percentage of the labor force unemployed will not change. 
D)None of the above will occur.

Figure 9-1 -Refer to Figure 9-1.Based on the Graph of the Labor