Figure 4-10 -The Rising Minimum Wage Allegedly Has Reduced the Quantity Demanded

question 224

Multiple Choice

Figure 4-10

-The rising minimum wage allegedly has reduced the quantity demanded of teenage labor.However, demographics slightly reduced the supply of teenage labor.The U.S.Department of Labor reported that teenage unemployment is an increasing problem.Which graph in Figure 4-10 is consistent with these facts?

• A)1
• B)2
• C)3

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Definitions:

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) antidepressant used to treat depression, OCD, and several other conditions.

Depression

A mental health disorder characterized by persistent feelings of sadness, loss, or anger that interfere with a person’s everyday activities.

Antidepressant Drugs

Drugs that act as mood elevators for people with severe depression and are also prescribed to treat some anxiety disorders.

Bipolar Disorder

A mood disorder in which manic episodes alternate with periods of depression, usually with relatively normal periods in between.