A reduction in the minimum wage will tend to cause which of the following?
A) a reduction in poverty
B) an increase in the number of workers employed
C) an increase in the quantity supplied of labor
D) a reduction in the quantity demanded of labor
B
Economics
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How does the liquidity approach to measuring the money supply differ from the transaction approach?
What will be an ideal response?
Economics
If a price floor is imposed above the equilibrium price in a market, what is the effect?
a. There is no visible effect on the market outcome. b. A shortage results. c. A surplus results. d. The quantity supplied will decrease
Economics