In the diagram above, what will happen if the government sets the minimum wage at Point B? There will be a shortage of workers.
There will be a surplus of workers.
The minimum wage will rise to meet equilibrium.
The minimum wage will fall to meet equilibrium.

There will be a surplus of workers.

the number of senators, and representatives, the state has in congress.

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu