Many Americans have been hurt by recent economic events. Raising the minimum wage is the best policy to improve the wages and employment opportunities of Americans. This argument is

a. correct because a higher minimum wage will increase total income which will stimulate aggregate demand and employment.
b. incorrect because while some people will receive higher wages, others will experience less employment and fewer training opportunities.
c. correct because most minimum wage workers are household heads trying to earn enough to support their family.
d. incorrect because the government has too big a deficit to pay for the increase in the minimum wage.


b. incorrect because while some people will receive higher wages, others will experience less employment and fewer training opportunities.

Economics

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