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Author Question: An initial leftward shift in labor demand often creates a cascading chain of events, amplifying the ... (Read 72 times)

ishan

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on: Jun 30, 2018
An initial leftward shift in labor demand often creates a cascading chain of events, amplifying the impact of the initial shock. This is known as the ________ effect.
 
  A) Veblen B) multiplier C) cluster D) rebound

Question 2

Refer to the figure above. If the government sets the minimum wage rate at 35, the unemployment in the market will be:
 
  A) 20 units of labor. B) 25 units of labor. C) 15 units of labor. D) 10 units of labor.


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Missbam101

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


ishan

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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