A Minimum Wage Increases Unemployment by

question 208

Multiple Choice

A minimum wage increases unemployment by

• A) increasing the quantity of labor demanded.
• B) decreasing the quantity of labor demanded.
• C) shifting only the labor supply curve rightward.
• D) shifting only the labor demand curve leftward.
• E) shifting the labor supply curve rightward and shifting the labor demand curve leftward.

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Definitions:

Alcohol

A psychoactive substance and depressant that is found in beverages such as beer, wine, and spirits, affecting the central nervous system.

Psychological Dependence

a form of dependence characterized by a perceived need to use a substance or engage in a behavior to achieve emotional or psychological well-being.

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, highly addictive and illegal.

Narcolepsy

A lasting sleep disturbance featuring overwhelming sleepiness throughout the day and abrupt instances of sleeping.