The effect of a legal minimum wage set above the equilibrium wage rate is
A) an excess quantity of labor demanded.
B) an excess quantity of labor supplied.
C) an increase in the quantity of labor demanded.
D) a decrease in quantity of labor supplied.
B
Economics
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Filing a fraudulent income tax return that understates income or overstates deductions is known as
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Structural unemployment results when wages are, for some reason, set above the level that brings supply and demand into equilibrium
a. True b. False Indicate whether the statement is true or false
Economics