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    Foundations of Macroeconomics
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    Exam 7: Government Actions in Markets
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    -The Above Figure Shows a Labor Market with a Minimum
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-The Above Figure Shows a Labor Market with a Minimum

Question 17

Question 17

Multiple Choice

  -The above figure shows a labor market with a minimum wage of $8 an hour.How many people are employed when the minimum wage is in place? A)  40,000 B)  60,000 C)  80,000 D)  fewer than 40,000 E)  more than 80,000
-The above figure shows a labor market with a minimum wage of $8 an hour.How many people are employed when the minimum wage is in place?


A) 40,000
B) 60,000
C) 80,000
D) fewer than 40,000
E) more than 80,000

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