On the graph above, the wage level at point ________ might represent a binding minimum wage
A) 2
B) 4
C) 6
D) 5
A
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All of the following, except one, would shift the demand curve for pizza makers to the right. Which is the exception?
a. a decrease in the wage rate of pizza makers b. an increase in the demand for pizza c. a decrease in the price of pizza ovens d. an increase in the number of pizza parlors e. an improvement in the technology of making pizza
A "bad" would be associated with:
A. zero marginal utility. B. a very small amount of marginal utility. D. positive marginal utility.
According to the quantity theory of money
A. a change in the money supply can lead only to a proportionate change in the price level. B. the rate of inflation is not related to changes in the money supply. C. the velocity of money is the least stable factor in monetary analysis. D. price level changes can best be explained by Keynesian analysis.
It would be appropriate to use expansionary fiscal policy during prolonged periods of
A. high inflation. B. rapid economic growth. C. high unemployment. D. high budget deficits.