An Increase in the Minimum Wage Would Likely

question 57

Multiple Choice

An increase in the minimum wage would likely:

• A) cause a movement up the short-run aggregate supply curve from left to right.
• B) cause a movement down the short-run aggregate supply curve from right to left.
• C) shift the short-run aggregate supply curve to the right.
• D) shift the short-run aggregate supply curve to the left.

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Definitions:

Law

A system of rules created and enforced through societal or governmental institutions to regulate behavior.

Neutral

Neutral describes a position of impartiality or the absence of expressed bias, affiliation, or involvement in conflicts or disputes.

Racial Profiling

The use of race alone as a criterion for deciding whether to stop and detain someone on suspicion of having committed a crime.

Dark-Colored Skin

Skin with high levels of melanin, providing a darker appearance and protection against ultraviolet radiation.