Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock, whereas Nick prefers to work in an air-conditioned office. The difference in salary could illustrate a compensating differential

Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is LD1 and the labor supply curve is LS1?

A) $25 B) $30 C) $20 D) $15

Fiscal policy involves manipulating ________

A) the supply of money B) consumption spending C) federal subsidies and minimum wage values D) government spending and taxes