If the Minimum Wage Increased, Then at Any Given Rate

question 178

Multiple Choice

If the minimum wage increased, then at any given rate of inflation

• A)both output and employment would be higher.
• B)neither output nor employment would be higher.
• C)output would be higher and unemployment would be lower.
• D)output would be lower and unemployment would be higher.

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Definitions:

Indorsement

An endorsement, especially regarding financial documents, illustrating the process of signing the back of a negotiable instrument to transfer its ownership.

Special

Pertaining to or designating a unique or distinct category, often used to denote something that is exceptional or beyond the ordinary.

Ordinary Holder

A typical investor or shareholder who possesses a security or financial instrument without any special rights or privileges.

Transferor

An entity or person who transfers or conveys rights, property, or other assets to another party, the transferee.