When People Become Unemployed Because of a Higher Minimum Wage

question 177

Multiple Choice

When people become unemployed because of a higher minimum wage, this type of unemployment is called

• A) frictional.
• B) structural.
• C) cyclical.
• D) abnormal.

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Definitions:

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often observed after group discussions.

Additional Information

Supplementary data or facts that provide further insight or context to a subject matter.

Normative Influence

Social influence leading individuals to conform in order to be accepted or liked by a group, following the group's norms and expectations.

Group Polarization

The phenomenon whereby a group's dominant viewpoint becomes stronger or more extreme after group discussions.