To get to its inflation adjusted all-time high, the minimum wage in 2016 would have to be at least
A. $14.00.
B. $20.00.
C. $11.00.
D. $5.50.
Answer: C
You might also like to view...
In the classical model, a decrease in immigration would
a. decrease labor supply, increase the real wage, and decrease output. b. increase labor supply and the real wage, and decrease output. c. increase labor demand and the real wage, and increase output. d. reduce real wages and reduce output.
Contractionary monetary policy:
A. increases the U.S. interest rate and decreases the U.S. exchange rate. B. increases the U.S. interest rate and increases the U.S. exchange rate. C. lowers the U.S. interest rate and increases the U.S. exchange rate. D. lowers the U.S. interest rate and decreases the U.S. exchange rate.
For a particular product, an effective price ceiling results in
A. quantity demanded greater than quantity supplied. B. quantity demanded equal to quantity supplied. C. demand equal to supply. D. quantity supplied greater than quantity demanded.
________ extended the government's authority to ban vertical and conglomerate mergers.
A. The Federal Trade Commission Act B. The Sherman Antitrust Act of 1890 C. The Clayton Act of 1914 D. The Celler-Kefauver Act of 1950