A minimum wage ________
A) is a price ceiling in the labor market
B) changes the demand for labor.
C) is an effective way of increasing employment
D) is a price floor in the labor market
D
Economics
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A temporary adverse productivity shock would
A) shift the labor supply curve upward. B) decrease the level of employment. C) decrease future income. D) decrease the expected future marginal product of capital.
Economics
In 1998, Japan decided to make the Bank of Japan, its central bank,
A. more independent. B. more concerned with fighting inflation. C. subject to direct control by the Japanese prime minister. D. subject to direct control by the Diet, the Japanese parliament.
Economics