Posted by: Pdfprep
Post Date: February 11, 2021
Setting a minimum wage above the equilibrium wage
A . has no effect on unemployment, and setting a minimum wage below the equilibrium wage results in increased unemployment
B . results in increased unemployment, and setting a minimum wage below the equilibrium wage has no effect on unemployment.
C . results in decreased unemployment, and setting a minimum wage below the equilibrium wage results in increased unemployment.
D . results in increased unemployment, and setting a minimum wage below the equilibrium wage results in decreased unemployment
Answer: A
Leave a Reply