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Author Question: Minimum wage laws contribute to a higher unemployment rate by (Read 53 times)

Charlie

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Question 1

If, as a result of imperfect information, firms set their wage rates above the market clearing wage rate


◦ unemployment decreases.
◦ there will be a surplus of workers.
◦ there will be a shortage of workers.
◦ there will be equilibrium in the labor market.

Question 2

Minimum wage laws contribute to a higher unemployment rate by


◦ raising wages above the market clearing level in some labor markets.
◦ pushing wages below the market clearing level in some labor markets.
◦ raising wages above the market clearing level in all labor markets.
◦ pushing wages below the market clearing level in all labor markets.


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Marked as best answer by Charlie on Apr 19, 2019

annierak

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Charlie

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


at

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Reply 3 on: Yesterday
:D TYSM

 

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