An increase in personal income taxes would shift AD to the:

Which of the following about minimum wage is true?

a. Most minimum wage workers are employed more than 40 hours per week. b. Economic analysis indicates an increase in the minimum wage would increase the training opportunities available to inexperienced workers. c. Most minimum wage workers are heads of families with incomes below the poverty level. d. Most minimum wage workers are employed part-time, and they are often members of a household with an income well above the poverty level.

Suppose stock X has a beta of 2.5 and stock Y has a beta of 0.5. From this we can conclude that X has:

A. 5 times the nondiversifiable risk of the market portfolio. B. 5 times the nondiversifiable risk of Y. C. 2.5 times the nondiversifiable risk of Y. D. 2.5 times the diversifiable risk of the market portfolio.