The effect of legislation establishing a minimum wage above the market clearing wage is
A) unemployment.
B) a shortage of labor.
C) higher wages for all workers.
D) a shift of the demand for labor curve.
A
Economics
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Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?
A) A B) B C) C D) There is insufficient information on the graph to answer this question.
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Marginal revenue is the change in total revenue from using one more unit of an input in the short run
a. True b. False
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