Minimum-Wage Laws

question 27

Multiple Choice

Minimum-wage laws

• A)create frictional unemployment,while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment.
• B)create structural unemployment,while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment.
• C)and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment.
• D)and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.