Figure 9-1 -Refer to Figure 9-1.Based on the Graph of the Labor

question 104

Multiple Choice

Figure 9-1
-Refer to Figure 9-1.Based on the graph of the labor market above,if a minimum wage is set at $5 per hour,which of the following will occur?

• A)The unemployment rate will rise.
• B)The unemployment rate will fall.
• C)The level of unemployment will rise,but the percentage of the labor force unemployed will not change.
• D)None of the above will occur.

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Definitions:

Planetary Gearset

A gearset consisting of three elements: a sun gear, planetary carrier (containing three or more planetary gears), and a ring gear (annulus). The three separate elements intermesh, and the hold/release status of each determines the output ratios. Also known as an epicyclic gearset.

Stationary Member

A component of a mechanical system that remains fixed in position while other parts move around or relative to it.

Planetary Gearsets

A system of gears consisting of one or more outer gears (planet gears) revolving around a central (sun) gear, used in automatic transmissions.