Empirical Estimates of the Short-Run Employment Affects of Minimum Wage

question 14

Multiple Choice

Empirical estimates of the short-run employment affects of minimum wage increases

• A) have produced a consensus that teen employment will fall by almost 10% for every 10% increase in the minimum wage.
• B) are very low, partly because it takes a long time for employers to adjust fully to changes in the minimum wage.
• C) are very high, partly because it takes a long time for employers to adjust fully to changes in the minimum wage.
• D) have produced a consensus that teen employment will not fall at all when the minimum wage is increased by 10%.

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