For This Question,assume That Y = N

question 15

Multiple Choice

For this question,assume that Y = N.Based on our understanding of the labor market model presented in Chapter 6,we know that an increase in the minimum wage will cause

• A)an increase in the natural level of output.
• B)a reduction in the natural level of output.
• C)no change in the natural level of output.
• D)an increase in the natural level of employment.