An increase in an effective federal minimum wage would tend to cause ________
A) a decrease in wage rates and an increase in employment
B) an increase in wage rates and employment
C) a decrease in wage rates and employment
D) an increase in wage rates and a decrease in employment
D
Economics
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Other factors held constant, a decrease in resource prices will shift the aggregate:
a. demand curve leftward. b. demand curve rightward. c. supply curve leftward. d. supply curve rightward.
Economics
If the painting firms in a city sign a contract outlining a pricing plan, they are involved in
A) price competition. B) a legal form of business contract in the United States. C) collusion. D) price regulation.
Economics