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SVEN [57.7K]
3 years ago
15

Is buffet correct that it is the role of the federal government to make sure people who work will have enough income to live a​

"decent lifestyle?
Business
1 answer:
GuDViN [60]3 years ago
5 0
Yes, it is.
I think it is very fair to say that People who work enough hours should at least should not worry about basic needs such as foods, shelter, education, and health. The government could do this through various programs such as minimum wage of a different variant of welfare programs.
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3 years ago
A law passed increasing the minimum wage by 10%.
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The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

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The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

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2 years ago
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The government receives data on the state of the economy from various agencies.  The government adjusts its spending and taxes to influence the level of economic activities to achieve steady growth and stable prices.

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