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Figure 20-1 -Refer to Figure 20-1. Based on the Graph of the Graph

Question 114

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Figure 20-1 Figure 20-1 -Refer to Figure 20-1. Based on the graph of the labor market above, if a minimum wage is set at $5 per hour, which of the following will occur? A) The unemployment rate will rise. B) The unemployment rate will fall. C) The level of unemployment will rise, but the percentage of the labor force unemployed will not change. D) None of the above will occur.
-Refer to Figure 20-1. Based on the graph of the labor market above, if a minimum wage is set at $5 per hour, which of the following will occur?


A) The unemployment rate will rise.
B) The unemployment rate will fall.
C) The level of unemployment will rise, but the percentage of the labor force unemployed will not change.
D) None of the above will occur.

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