Suppose the Minimum Wage Decreased

question 74

Multiple Choice

Suppose the minimum wage decreased. At any given rate of inflation, what would happen to output and employment?

• A) Both output and employment would be higher.
• B) Both output and employment would be lower.
• C) Output would be higher and unemployment would be lower.
• D) Unemployment would be higher and output would be lower.

---

Definitions:

Dislike

A feeling of distaste or hostility towards something or someone.

Fear

An unpleasant emotional response to perceived threats or danger, affecting decision-making and behavior in individuals.

5P Checklist

A management tool comprising five key areas: Purpose, People, Process, Product, and Performance, used for project or program planning and evaluation.

Change Agents

Individuals or entities that act as catalysts for change, driving and managing the process of change within an organization or community.