Minimum-Wage Laws

Multiple Choice

Minimum-wage laws

A) create frictional unemployment,while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment.
B) create structural unemployment,while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment.
C) and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment.
D) and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.