A minimum wage set above the equilibrium wage rate for low-skilled workers ________
A) creates more employment opportunities for low-skilled workers
B) creates more prosperity among younger people
C) creates unemployment among low-skilled workers
D) increases the number of good paying jobs available to young people
C
Economics
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An increase in real GDP causes the demand for real money balances to
A) rise. B) fall. C) remain unaffected. D) rise, fall, or remain unaffected depending on the interest rate at the time.
Economics
The price of $10 in the graph above represents
A. a price floor.
B. a price ceiling.
C. either a price floor or a price ceiling.
D. neither a price floor nor a price ceiling.
Economics