Author Question: Which of the following is not likely to result from an increase in the federal minimum wage? a. an ... (Read 46 times)

mckennatimberlake · **on:** Jun 30, 2018

Which of the following is not likely to result from an increase in the federal minimum wage?
a. an increase in the quantity of low-skill labor supplied
b. a decrease in the quantity of low-skill labor demanded
c. a decrease in teenage unemployment
d. an increase in teenage unemployment

Question 2

Why doesn't the government print money in order to solve its debt problems?

Pamela.irrgang@yahoo.com · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

Government could print more money, but this would lead to a highly inflationary economy, which would in turn deeply undermine public confidence in the government and the stability of the market.