Which of the following is the most likely effect of minimum wage laws?
a. increase in the quantity of labor supplied by workers
b. decrease in the quantity of labor supplied by workers
c. increase in the quantity of labor demanded by firms
d. decrease in unemployment
e. a shift to the left of the demand curve for labor
A
Economics
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A departure from the New Zealand model, in which the central bank implements an inflation target set by the government, the ECB operates according to the German model, in which the central bank:
A) has ceded power to the administration. B) has authority to set and implement the inflation target. C) functions only in a technical sense. D) is replaced by a currency board.
Economics
How is the efficient quantity of public goods determined?
What will be an ideal response?
Economics