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:

EPS

Earnings per share, a measure of a company's profit divided by the outstanding shares of its common stock.

Market Portfolio

An investment portfolio that ideally includes all available assets in the market, weighted by their market capitalization, aiming to mimic the market's overall returns.