Some policymakers claim that raising the minimum wage will result in economic growth. If increasing the minimum wage would actually generate economic growth, we would expect to eventually see nominal wages ________ and unemployment ________
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
B
Economics
You might also like to view...
Why is it likely that the United States has an absolute advantage in goods and yet it still ends up importing them from other countries?
What will be an ideal response?
Economics
Where does the World Bank get its funds?
A) from selling internal reports to the public B) from tariffs collected on goods traded internationally C) from governments of the wealthiest nations and from private financial markets D) from seizing dead capital in developing nations and selling it at auction
Economics