The main explanation for the lower growth rate for the American economy in the 21st century compared to the previous 250 years is
A) higher minimum wages.
B) that although Americans are working more, they are more distracted by technology and therefore are less productive at work.
C) that Americans are working less.
D) the increasing labor-force participation rates of women with young children.
Correct Answer:
Verified
Q1: Figure 28-3 Q2: Minimum-wage laws Q5: An increase in the minimum wage Q6: Minimum-wage laws can keep wages Q9: When a minimum-wage law forces the wage Q12: An increase in the minimum wage Q15: Minimum-wage laws
A)create unemployment.
B)do not apply in states
A)increases both
A)above equilibrium and
A)reduces structural
A)reduce unemployment.
B)cause labor shortages,which further raise
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