g The voters in the state of Florida approved an increase in the minimum wage. In the market for goods and services that employ unskilled workers this will cause a(n): Group of answer choices upward movement along the supply curve as price increases. rightward shift of the supply curve. downward movement along the supply curve as price decreases. leftward shift of the supply curve.

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

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