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)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What would be the immediate impact upon the economy if the minimum wage were raised higher than worker productivity? A) The aggregate ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why did the Britain, France, and the United States embrace the policy of appeasement?
Answers (2)
Select the correct answer. Why did hardline communist leaders resent Mikhail Gorbachev? A. He had been inefficient from the day he took office. B. He was acting as a spy on behalf of the United States. C.
Answers (1)
What is one challenge of diversity in Iran?
Answers (1)
Why was the navy crucial to success in vietnam
Answers (1)
Why does curley attack lennie what happens to curley quizklw?
Answers (1)
New Questions in History
The cases Sweatt v. Painter and McLaurin v. Oklahoma State Regents expanded employment rights. voting rights. the right to serve in the armed forces. the right to equal education.
Answers (1)
Dr. Benjamin Spock a. Emphasized the importance of nurturing children. b. Encouraged women to work outside the home. c. Attracted millions to religious revivals around the nation. d. Developed a vaccine against polio.
Answers (1)
Why wasn't president Truman expected to win the 1948 election
Answers (1)
Question 17 Unsaved Great Awakening preachers in 18th century America would have probably had a sermon focusing on Enlightenment ideas. the rights of humans. the immorality of slavery repenting of one's sins to be saved; emotional connection Save
Answers (2)
Which statement accurately describes the Virginia Plan? A. There would be two houses in Congress, and every state would have the same number of representatives. B.
Answers (1)