Which of the Following Has a Tendency to Raise the Unemployment

question 225

Multiple Choice

Which of the following has a tendency to raise the unemployment rate?

• A)implementing a minimum wage in an economy
• B)reducing unemployment insurance in an economy
• C)offering wages at the market-clearing rate
• D)reducing labor union membership in an economy

---

Definitions:

Focal Date

A specific date used as a reference point for calculations in financial transactions, especially in annuities and other periodic payments.

Maturity Value

The amount payable to an investor at the end of a fixed term investment, including the principal and any accrued interest.

Simple Interest Rate

The interest rate applied to the principal amount only, without compounding over a period.

Failed To Make

Refers to the inability or omission of completing a particular action, such as making a payment or fulfilling an obligation.