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Author Question: If policy makers believe that the equilibrium wage rate is too low, policy makers can raise wages by ... (Read 238 times)

mckennatimberlake

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on: Jun 29, 2018
If policy makers believe that the equilibrium wage rate is too low, policy makers can raise wages by legislating a minimum wage, that is, a wage
 
  A) ceiling above the equilibrium wage.
  B) ceiling below the equilibrium wage.
  C) floor above the equilibrium wage.
  D) floor below the equilibrium wage.

Question 2

Real GDP fluctuates from year to year but is always below potential GDP.
 
  Indicate whether the statement is true or false


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frejo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Excellent

apple

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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