The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the

What are the unintended consequences of raising minimum wage? Explain why these consequences would happen.

What will be an ideal response?

Suppose total planned expenditures equal $100 billion when the value of the price level is 100. If the price level drops to 90, total planned real expenditures will equal

A. less than $100 billion. B. more than $100 billion. C. $100 billion. D. None of these: Cannot be determined without additional information.