What is the effect in a labor market when the government introduces a minimum wage above the current market wage rate? When the government introduces a minimum wage above the current market wage rate, O A. job-search activity decreases O B. unemployment increases O C. the supply of workers decreases D. employment increases

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What is the effect in a labor market when the government introduces a minimum wage above the current market wage rate?
When the government introduces a minimum wage above the current market wage rate,
O A. job-search activity decreases
B. unemployment increases
O C. the supply of workers decreases
O D. employment increases
Click to select your answer.
MacBook Air
Transcribed Image Text:What is the effect in a labor market when the government introduces a minimum wage above the current market wage rate? When the government introduces a minimum wage above the current market wage rate, O A. job-search activity decreases B. unemployment increases O C. the supply of workers decreases O D. employment increases Click to select your answer. MacBook Air
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