The "Work Effort Argument" Criticizing Traditional Economic Analyses of the Minimum

question 13

Multiple Choice

The "work effort argument" criticizing traditional economic analyses of the minimum wage implies

• A)increased real GDP should result from any increase in the nominal minimum wage.
• B)increased real GDP should result from any reduction in the nominal minimum wage.
• C)reduced real GDP should result from any increase in the nominal minimum wage.
• D)any increase in the nominal minimum wage reduces short-run aggregate supply.

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