When a Minimum Wage Is Set Above the Equilibrium Wage

question 89

Multiple Choice

When a minimum wage is set above the equilibrium wage rate,

• A)unemployment decreases.
• B)job search activity decreases.
• C)the supply of workers decreases.
• D)unemployment increases.
• E)the supply of workers increases.

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Definitions:

Chronic

Relating to illnesses or conditions persisting for a long time or constantly recurring.

Intermittent

Occurring at irregular intervals; not continuous or steady.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, not limited to one specific issue.

Constant Worry

A persistent state of anxiety where an individual is often overly concerned about a variety of issues beyond their control.