The minimum wage law
A. increases cyclical unemployment in the economy.
B. has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.
C. increases the unemployment rate among highly skilled workers.
D. has only a small effect on the unemployment rate since only a small part of the labor force earns the minimum wage
Answer: D. has only a small effect on the unemployment rate since only a small part of the labor force earns the minimum wage