In the Competitive Model Where All Workers Are Covered by the Minimum

question 16

Multiple Choice

In the competitive model where all workers are covered by the minimum wage and all firms comply with the law,a minimum wage set above the competitive equilibrium wage will ______ employment and ______ unemployment.

• A) increase;increase
• B) not affect;decrease
• C) decrease;increase
• D) decrease;decrease
• E) not affect;increase

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Definitions:

Melancholic Features

Characteristics of depression that include profound sadness, despair, and a lack of pleasure in all or almost all activities.

Atypical Features

Refers to a subtype of depression or mood disorders that have specific characteristics not usually found in typical presentations, such as mood reactivity.

Catatonic Features

Behavioral syndromes that can include motor immobility, excessive motor activity, or resistance to movement, often associated with schizophrenia.

Persistent Depressive Disorder

A chronic form of depression with symptoms lasting for at least 2 years.