This topic contains a solution. Click here to go to the answer

Author Question: If policy makers believe that the equilibrium wage rate is too low, policy makers can raise wages by ... (Read 519 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
If policy makers believe that the equilibrium wage rate is too low, policy makers can raise wages by legislating a minimum wage, that is, a wage
 
  A) ceiling above the equilibrium wage.
  B) ceiling below the equilibrium wage.
  C) floor above the equilibrium wage.
  D) floor below the equilibrium wage.

Question 2

Real GDP fluctuates from year to year but is always below potential GDP.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frejo

  • Sr. Member
  • ****
  • Posts: 349
Answer to Question 1

C

Answer to Question 2

FALSE




mckennatimberlake

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library