Cartel models are most like

If the minimum wage exceeds the equilibrium wage, then

A. there will be no unemployment. B. the minimum wage will not be binding. C. the quantity supplied of labor will exceed the quantity demanded. D. the quantity demanded of labor will exceed the quantity supplied.

The public debt neither adds to nor subtracts from national production or consumption, but

a. if the bondholders are only the rich, the rich lose in the long run b. poorer people, because they hold fewer bonds, end up paying less taxes c. no individuals lose because everyone holds debt d. individuals may gain or lose depending on whether they hold debt e. neutrality of the debt means it is a win/win situation for everyone