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:

Elite Theory

A theory in sociology and political science that posits a small minority, consisting of members of an economic and social elite, holds the most power and thus governs the majority.

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A form of government in which a single individual holds unlimited power, making decisions without substantial consultation or democratic participation.

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Organized, collective efforts by people to bring about or resist social change, often aimed at addressing social issues or injustices.

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