When a Minimum Wage Is Set Above the Equilibrium Wage

question 89

Multiple Choice

When a minimum wage is set above the equilibrium wage rate,

• A)unemployment decreases.
• B)job search activity decreases.
• C)the supply of workers decreases.
• D)unemployment increases.
• E)the supply of workers increases.

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Definitions:

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A chronic sleep disorder marked by overwhelming daytime drowsiness and sudden attacks of sleep.

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A medical condition characterized by involuntary urination, especially by children at night, also known as bedwetting.

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