- Adjusted for inflation, the minimum wage reached its peak in
a. 2016
b. 1968
c. 1985
2.Raising the minimum wage:
a. Shifts the labor supply curve to the left.
b. Shift the labor demand curve to the right.
c. Sets a wage floor.
d. Sets a wage ceiling.
3. Raising the minimum wage:
a. Only affects the people who earn the minimum wage.
b. Shifts up the entire bottom end of the wage distribution.
c. Has no effect.
