An increase in the minimum wage will tend to cause which of the following to occur?
A) an increase in the size of the surplus of labor
B) a leftward shift in the demand for labor
C) a rightward shift in the supply of labor
D) a reduction in the unemployment rate
A
Economics
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If the government collects taxes to pay for expenditures of an equal amount, bank reserves
A) are unaffected. B) rise by an equal amount. C) rise by a multiple amount. D) fall by an equal amount.
Economics
Benefits today cannot be directly compared with costs in the future because:
A. investments aren't always profitable. B. people do not have perfect willpower and will waste money today. C. money today is worth more than money in the future. D. more information is needed to make investment decisions than is typically available.
Economics