Author Question: In the above figure, a minimum wage will not change the unemployment rate if it is set at A) ... (Read 86 times)

michelleunicorn · **on:** Jun 29, 2018

In the above figure, a minimum wage will not change the unemployment rate if it is set at

A) 6.00.
B) 9.00.
C) 12.00.
D) Both B and C are correct because any wage rate that exceeds 9 per hour has no effect on the unemployment rate.
E) None of the above because the minimum wage always affects the unemployment rate.

Question 2

The Federal Reserve System is organized into

A) one large district covering the entire United States.
B) three districts, one for each of the countries in North America.
C) 12 districts, dividing up the countries in North America.
D) 50 districts, one per state.
E) 12 districts, dividing up the United States.