A Minimum Wage Law

question 129

Multiple Choice

A minimum wage law

• A) lowers the wage rate of workers who are able to get a job.
• B) increases employment.
• C) increases the time spent searching by workers who cannot find a job.
• D) creates efficiency in the labor market.
• E) must be set below the equilibrium wage rate in order to have an impact.

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Definitions:

Electrocardiogram

A diagnostic test that measures the electrical activity of the heart to identify various heart conditions.

Semilunar Valves

Valves located at the exits of the heart, preventing blood from flowing back into the ventricles from the arteries.

Diastole

The phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

Systole

The phase of the heartbeat during which the heart muscle contracts and pumps blood from the chambers into the arteries.