This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the above table, if the minimum wage is set at 20 per hour, then A) the quantity of ... (Read 58 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
According to the above table, if the minimum wage is set at 20 per hour, then
 
  A) the quantity of labor demanded will increase until it is equal to the quantity of labor supplied.
  B) there is an excess demand for labor.
  C) the labor demand curve will shift until 20 is the new equilibrium real wage rate.
  D) the quantity of labor supplied exceeds the quantity of labor demanded by 50 million hours per month.
  E) the labor supply curve will shift until 20 is the new equilibrium real wage rate.

Question 2

In the United States since 1970, the quantity of M1 money people hold as a percentage of GDP has
 
  A) decreased.
  B) remained constant.
  C) decreased at first and then increased.
  D) increased at first and the decreased.
  E) increased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Gracias!

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Review Bundling, Add-on Codes, and Quantity Edits Review Bundling, Add-on Codes, and Quantity Edits
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Table Tennis Racket Table Tennis Racket
Table - Correlation Analysis Table - Correlation Analysis
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library