Refer to the graph below. An effective minimum wage would be set
a. above We and would create a surplus of labor.
b. below We and would create a surplus of labor.
c. above We and would create a shortage of labor.
d. below We and would create a shortage of labor.
a. above We and would create a surplus of labor.
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Explain how each of the following affects the natural rate of unemployment: a . the introduction of unemployment programs that temporarily replace lost income for unemployed workers b. government funding for campus career placement centers that teach
students how to write resumes and interview, and that schedule and coordinate on-campus interviews with potential employers c. government legislation that mandates that large employers hold jobs for employees who leave to take care of infants or sick family members
What basket of goods and services is used to construct the CPI?
a. a random sample of all goods and services produced in the economy b. the goods and services that are typically bought by consumers as determined by government surveys c. only food, clothing, transportation, entertainment, and education d. the least expensive and the most expensive goods and services in each major category of consumer expenditures