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As a result of the situation above what will happen to GDP

 

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

 

As a result of the situation above what will happen to inflation

 

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

 

As a result of the situation above what will happen to the unemployment rate

 

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

 

Suppose the government increases the minimum wage, substantially increasing firms labor costs.

As a result of the situation above what will happen to GDP

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

 

As a result of the situation above what will happen to inflation

 

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

 

As a result of the situation above what will happen to the unemployment rate

 

a. Increase

b. Decrease

c. Stay the same

d. Not enough information

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9476357

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