Multiple Choice
Empirical estimates of the short-run employment effects of minimum wage increases
A) have produced a consensus that teen employment will fall by almost 10% for every 10% increase in the minimum wage.
B) are very low, partly because it takes a long time for employers to adjust fully to changes in the minimum wage.
C) are very high, partly because it takes a long time for employers to adjust fully to changes in the minimum wage.
D) have produced a consensus that teen employment will not fall at all when the minimum wage is increased by 10%.
Correct Answer:
Verified
Correct Answer:
Verified
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