When a minimum wage is introduced ________ the equilibrium wage rate, the quantity of labor demanded ________ and the quantity of labor supplied ________, thus creating unemployment
A) above; increases; decreases
B) below; increases; decreases
C) above; decreases; increases
D) above; decreases; decreases
E) below; decreases; decreases
C
Economics
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How would proponents of the efficient markets hypothesis use the Gordon-Growth model to explain the movement of stock prices during the Financial Crisis of 2007-2009?
What will be an ideal response?
Economics
A change in the equilibrium real interest rate may result from ________
A) an autonomous monetary policy B) a change in the central bank's target inflation rate C) a change in expected inflation D) all of the above E) none of the above
Economics