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Economics - Financial Markets 18 Online
OpenStudy (anonymous):

You are a member of Congress discussing the minimum wage. Unemployment is rising out of control and applications for government assistance are at an all-time high. The public demands immediate action. To address their concerns, you should recommend a. postponing the issue to see if conditions improve without intervention. b. keeping the minimum wage at its current level. c. lowering the minimum wage. d. raising the minimum wage.

OpenStudy (anonymous):

I think its either c or d. Help please?

OpenStudy (anonymous):

c obviously the economy is in trouble.if the gov raises the minimum wage now, businesses will have to let more people go. Unemployment will be even higher.

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