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How many unemployed workers? Consider the graph showing short-run supply and demand, Wage long-run supply and demand, and a binding $50 minimum wage. 45 How

How many unemployed workers?

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Consider the graph showing short-run supply and demand, Wage long-run supply and demand, and a binding $50 minimum wage. 45 How many people are unemployed in the short run? 40 35 short-run unemployed: Minimum wage workers 30 25 How many people are unemployed in the long run? 20 Supply (long run) Demand 15 (long run) long-run unemployed: workers 10 Supply Demand 5 (short run) (short run) 0 100 200 300 400 500 600 700 800 900 1,000 Quantity of workers

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