The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $6 per hour, how many hours of students' labor are unemployed?
A) 12,000 hours
B) 9,000 hours
C) 6,000 hours
D) 0 hours
D
Economics
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State-chartered banks that are not members of the Federal Reserve System are examined by the _________.
Fill in the blank(s) with the appropriate word(s).
Economics
The quantity equation states that
A) M + V = P + Y. B) the money supply (M) divided by the velocity of money (V) equals the price level (P) divided by real output (Y), i.e., M/V = P/Y. C) M × V = P × Y. D) M - V = P - Y.
Economics