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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asked Feb 28, 2022 9.6k views

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James Leonard · Answer 1 · 2022-03-01T03:28:02+0000

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.

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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