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Which One of the Following Statements Is False

Question 48

Multiple Choice

Which one of the following statements is false?


A) An effective minimum wage sets the wage rate above the equilibrium wage rate.
B) An effective rent ceiling sets the rent below the equilibrium rent.
C) An effective rent ceiling leads to a housing shortage.
D) An effective minimum wage is inefficient.
E) A minimum wage is a price ceiling in the labour market.

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