mmkkfdm6626 mmkkfdm6626

11-10-2019
Business

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An increase in the minimum wage ______. A. decreases employment and increases unemployment if it is set above the equilibrium wage rate B. always decreases employment C. increases employment and decreases unemployment if it is set below the equilibrium wage rate D. has no effect on the labor market

Respuesta :

11-10-2019

Answer:

The correct answer to fill the blank space will be option "C"

Explanation:

The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.

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voltairejohn27 voltairejohn27

30-07-2020

Answer:

The answer is A I just took the test.

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