An Increase in the Minimum Wage Would Likely Increase Unemployment

question 50

Multiple Choice

An increase in the minimum wage would likely increase unemployment among which group of workers?

• A) An increase in the minimum wage does not lead to an increase in unemployment.
• B) unskilled workers
• C) female workers
• D) older workers

---

Definitions:

Coupon Rate

The coupon rate is the annual interest rate paid by bond issuers on the bond's face value.

Clean Price

The price of a bond net of accrued interest; this is the price that is typically quoted.

Coupon Bond

A type of bond that pays the holder periodic interest payments based on a predetermined rate (the "coupon rate") until it matures, at which point the principal (or face value) is repaid.

Yield To Maturity

The total expected return on a bond if held to its maturity date, including both interest payments and any gain or loss if the bond was purchased at a discount or premium.