If the Legal Minimum Wage Is Set Above the Equilibrium

question 8

Multiple Choice

If the legal minimum wage is set above the equilibrium wage rate

• A)employment will tend to be lower than it otherwise would have been.
• B)employment will tend to be higher than it otherwise would have been.
• C)the level of employment will not be affected.
• D)there is no way to determine how the level of employment would be affected.

---

Definitions:

Sudden

Occurring or done quickly and unexpectedly, without warning.

Emotional Regulation

The process of managing and responding to one's emotions in a healthy and productive manner.

Temperament

The inherent part of an individual's personality concerning their emotional nature and habitual behaviors.

Chess and Thomas

Researchers known for their contributions to developmental psychology, particularly in the study of temperament in children.