Author Question: Refer to Figure 20-1. Based on the graph of the labor market above, if a minimum wage is set at 5 ... (Read 40 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
Refer to Figure 20-1. Based on the graph of the labor market above, if a minimum wage is set at 5 per hour, which of the following will occur?
 
  A) The level of unemployment will rise, but the percentage of the labor force unemployed will not change.
  B) The unemployment rate will fall.
  C) The unemployment rate will rise.
  D) None of the above will occur.

Question 2

Using the money demand and money supply model, an open market sale of Treasury securities by the Federal Reserve would cause the equilibrium interest rate to
 
  A) not change. B) increase, then decrease.
  C) increase. D) decrease.


honnalora

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

For a complete list of videos, visit our video library