If the Government of Econia Raises the Minimum Wage, What

question 129

Multiple Choice

If the government of Econia raises the minimum wage, what impact will this have on the average price level and output level of the country?

• A) It will shift the short-run aggregate supply curve to the left, leading to a higher price level and lower output.
• B) It will shift the short-run aggregate supply curve to the right, leading to a lower price level and higher output.
• C) It will shift the short-run aggregate supply curve to the left, leading to a lower price level and higher output.
• D) It will shift the short-run aggregate supply curve to the right, leading to a higher price level and lower output.

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Definitions:

Vocabulary Spurt

A rapid increase in the number of words a child learns and begins to use, typically occurring in early childhood development.

Word Acquisition

The process by which individuals learn the words of their language, typically referring to the rapid rate of vocabulary expansion in early childhood.

Telegraphic Speech

A stage in language acquisition during early childhood, where speech is concise and contains only essential content words, omitting smaller function words and inflections.

Infant-Directed Speech

A speech pattern used by adults when talking to babies, characterized by higher pitch, slower rate, and exaggerated intonation.