If the government thinks the equilibrium wage is too low, it may impose a _________________ wage which may cause a _______________ surplus. Question 1 options: minimum; shortage maximum; surplus maximum; shortage minimum; surplus

If the government thinks the equilibrium wage is too low, it may impose a ___ wage which may cause a _ surplus. Question 1 options: minimum; shortage maximum; surplus maximum; shortage minimum; surplus

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section20.3: Minimum-wage Laws

Problem 3QQ

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Question

If the government thinks the equilibrium wage is too low, it may impose a _________________ wage which may cause a _______________ surplus.

Question 1 options:

	minimum; shortage
	maximum; surplus
	maximum; shortage
	minimum; surplus

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