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 463 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
Wow, this really help


epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

For a complete list of videos, visit our video library