For This Question, Assume That Y = N

Multiple Choice

For this question, assume that Y = N. Based on our understanding of the labour market model, we know that an increase in the minimum wage will cause:

A) no change in the natural level of output.
B) an increase in the natural level of output.
C) an increase in the natural level of employment.
D) no change in the natural level of employment.
E) a decrease in the natural level of output.