D. the supply curve for the producl a business produces shifts to the left6. If wages decreased in the labor market, what likely caused it? *A. a surplus of workersO B. a shortage of workers-C. increased union membershipOD. unemployment rates decreased7.If the government were to increase the minimum wage, what might be alunintended consequence?O O

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Answered: 6. If wages decreased in the labor…

6. If wages decreased in the labor market, what likely caused it? * A. a surplus of workers O B. a shortage of workers O C. increased union membership OD. unemployment rates decreased

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 24CTQ: Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for...

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Question

D. the supply curve for the producl a business produces shifts to the left
6. If wages decreased in the labor market, what likely caused it? *
A. a surplus of workers
O B. a shortage of workers
-C. increased union membership
OD. unemployment rates decreased
7.If the government were to increase the minimum wage, what might be al
unintended consequence?
O O

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