In the above figure, point A represents
A) a recessionary gap.
B) a full-employment equilibrium.
C) an inflationary gap.
D) an increase in aggregate demand.
A
Economics
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When prices rise, which of the following happens to income?
a) It goes down b) It buys less c) It rises to meet prices d) It is used to buy different things
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Based on the labor market diagram below, if the minimum wage is set at $10 per hour, there will be ________ unemployed workers.
A. 7 B. 15 C. 27 D. 22
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