The SUM of data points is a measure of fit for those data points.

If the minimum wage rate is set above the equilibrium wage rate, then

A) unemployment definitely increases. B) unemployment definitely decreases. C) unemployment either decreases or does not change. D) unemployment definitely does not change. E) None of the above answers is correct because the minimum wage decreases search but its effect on unemployment is ambiguous.

One aspect of bank accounting is that many liabilities of banks are

a. assets of other persons and businesses in the economy. b. also liabilities of other persons and businesses in the economy. c. not matched by liabilities of most other banks. d. not actually owed to any other person or business in the economy.