If the Government Reduced the Minimum Wage and Pursued Expansionary

question 131

Multiple Choice

If the government reduced the minimum wage and pursued expansionary monetary policy,then in the long run

• A)both the unemployment rate and the inflation rate would be higher.
• B)both the unemployment rate and the inflation rate would be lower.
• C)the unemployment rate would be higher and the inflation rate would be lower.
• D)the unemployment rate would be lower and the inflation rate would be higher.

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Definitions:

Conditioned Emotional

An emotional response that has been learned through conditioning, where a neutral stimulus becomes associated with an emotional event.

Fear Response

A physiological reaction to perceived threats that prepares the body for fight or flight.

Conditioned Taste Aversions

An acquired response where an individual avoids a food or flavor that has previously been associated with illness or discomfort.

Coyotes

A species of canine found throughout North and Central America, adaptable and known for its cunning and ability to live in both wild and urban areas.