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Which is considered a negative side effect of minimum wage? a. Unemployment b. Full employment c. Increased interest rates d. Failure to meet equilibrium production
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3 votes
3 votes
Which is considered a negative side effect of minimum wage?

a. Unemployment
b. Full employment
c. Increased interest rates
d. Failure to meet equilibrium production

User Mercedez
by
3.0k points

2 Answers

12 votes
12 votes

Answer:

A

Step-by-step explanation:

Because minimum wage is a price floor on labor. Price floors create surpluses. If an economy has a surplus of labor then that economy is dealing with unemployment.

User James Leonard
by
3.4k points
10 votes
10 votes

Answer:

I think it is C. but im not sure

Step-by-step explanation:

User Carlos Borau
by
3.2k points
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