Debt Buildup Gross government debt as a percentage of GDP for major Industrialized countries 25

Debt Buildup Gross government debt as a percentage of GDP for major Industrialized countries 25.0% Japan 200 150 Italy U.S. UK France Cada Germany 100 50 05 10 73 0 1995 2000 Estimates Source International Monetary Fund The Wall Street Journal

Minimum wages create unemployment in markets where they create a

Group of answer choices

surplus of labor. Unemployment of this type is called frictional.

shortage of labor. Unemployment of this type is called structural.

surplus of labor. Unemployment of this type is called structural.

shortage of labor. Unemployment of this type is called frictional.

The Bureau of Labor Statistics divides the adult population into four categories: employed, underemployed, unemployed, and not in the labor force.

Group of answer choices

True

False