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    Principles of Macroeconomics Study Set 12
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    Exam 13: The Labor Market in the Macroeconomy
  5. Question
    Minimum Wage Laws Contribute to a ________ Unemployment Rate by Raising
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Minimum Wage Laws Contribute to a ________ Unemployment Rate by Raising

Question 231

Question 231

Multiple Choice

Minimum wage laws contribute to a ________ unemployment rate by raising wages above the market clearing level in some labor markets.


A) higher
B) lower
C) market equilibrium
D) natural

Correct Answer:

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