ECON 100 WEEK 11 QUESTION 2

Economics
Tutor: None Selected Time limit: 1 Day

The government has tried to create wage growth with a higher minimum wage which is leading to less jobs.  We have too few people making too little money.  If no one has any money does demand go up and drive inflation?

Mar 18th, 2015

No, the opposite, demands go down. If money shortage is severe enough, a country can experience deflation, the opposite of inflation.

Mar 18th, 2015

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Mar 18th, 2015
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Mar 18th, 2015
Dec 4th, 2016
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