An increase in the minimum wage ______. A. decreases employment and increases unemployment if it is set above the equilibrium w

Question

3 years ago

15

An increase in the minimum wage ______. A. decreases employment and increases unemployment if it is set above the equilibrium w

age rate B. always decreases employment C. increases employment and decreases unemployment if it is set below the equilibrium wage rate D. has no effect on the labor market

Business

2 answers:

fenix001 [56] · Answer 1 · 2021-11-25T22:44:54+03:00

Answer:

The correct answer to fill the blank space will be option "C"

Explanation:

The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.

jek_recluse [69] · Answer 2 · 2021-11-26T01:10:42+03:00

jek_recluse [69]3 years ago

6 0

Answer:

The answer is A I just took the test.

An increase in the minimum wage​ ______. A. decreases employment and increases unemployment if it is set above the equilibrium w

An increase in the minimum wage ______. A. decreases employment and increases unemployment if it is set above the equilibrium w