History, 20.03.2020 20:42 AnActualTrashcan

What would be the immediate impact upon the economy if the minimum wage were raised higher than worker productivity?
A) The aggregate demand would shift to the left, causing inflation.
B) The price level would increase causing an excess in aggregate supply
C) The short-run aggregate supply would shift to the left, causing inflation.
D) Employment would increase as people began returning to the labor force, cause the LRAS curve to shift left.

Answers: 1

Show answers

Other questions on the subject: History

History, 21.06.2019 15:00, bloodmoonangel01

Why did puritans feel a lack of guilt for their harsh punishments for broken rules? a. followed old testament teachings b. only for women who were subservient in puritan society c. believed they could replace god's judgment d. their belief in predestination

Answers: 1

continue

History, 22.06.2019 00:30, allytrujillo20oy0dib

The map shows latitudes and longitudes of australia. which australian city is located north of the 15°s latitude? perth brisbane melbourne darwin

Answers: 1

continue

History, 22.06.2019 06:30, megharx

The constitutional amendment that profited denying voting rights to people based on race or color is the?

Answers: 2

continue

History, 22.06.2019 07:00, erniewernie

Which instance of political expression would be considered symbolic speech? a. a student wearing all black to call attention to political issues b. a candidate for congress giving an interview to the media c. a demonstrator chanting anticorporate slogans outside a company’s headquarters d. a local citizen speaking up at a town hall meeting

Answers: 1

continue

You know the right answer?

What would be the immediate impact upon the economy if the minimum wage were raised higher than work...