Suppose the actual unemployment rate increases. This will cause
A) an upward shift in the WS curve.
B) a downward shift in the WS curve.
C) an upward shift in the PS curve.
D) a movement along the WS and the PS curves.
E) none of the above
D
You might also like to view...
The figure above shows the market for milk. If 100 gallons of milk a day are available, the ________ price that consumers are willing to pay for the last gallon is ________
A) maximum; $2.50 B) minimum; $3.00 C) maximum; $4.00 D) minimum; $4.00
The facts show that the political business cycle theory
A) does a good job of explaining monetary policy during presidential election years. B) is unable to explain monetary policy during presidential election years. C) doesn't generally support the political business cycle theory. D) explains monetary policy best during years in which the President is running for reelection.
The supply curve that monopsonists face is different from the supply curves that firms in competitive labor markets face because with a monopsony,
a. many more workers are hired to produce the larger amount of output b. the supply curve of labor is relatively flat c. offering a wage lower than the market wage means having no workers d. the employer faces the market supply curve of labor e. the firm takes the market wage rate as given
In a BLS study, the average adult spends __________ per day on unpaid work.
A. 2.8 hours B. 5 hours C. 1.5 hours D. 0 hours