Multiple Choice
Minimum-wage laws can keep wages
A) above equilibrium and cause a surplus of labor.
B) above equilibrium and cause a shortage of labor.
C) below equilibrium and cause a surplus of labor.
D) below equilibrium and cause a shortage of labor.
Correct Answer:
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Q1: Figure 28-3 Q2: Minimum-wage laws Q4: If the minimum wage were currently above Q5: An increase in the minimum wage Q7: If the minimum wage is currently above Q8: Figure 28-3 Q9: When a minimum-wage law forces the wage Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)create unemployment.
B)do not apply in states
A)increases both
