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-Referring to the Graph Above,assume That,at First,the Labor Market Is

Question 74

Multiple Choice

  -Referring to the graph above,assume that,at first,the labor market is in equilibrium at point 4.Then,demand shifts to pass through point 3,and the real wage adjusts to the new equilibrium.________ is ________ at the new equilibrium,compared to the original equilibrium. A) unemployment;larger B) unemployment;smaller C) the labor force;smaller D) employment;larger
-Referring to the graph above,assume that,at first,the labor market is in equilibrium at point 4.Then,demand shifts to pass through point 3,and the real wage adjusts to the new equilibrium.________ is ________ at the new equilibrium,compared to the original equilibrium.


A) unemployment;larger
B) unemployment;smaller
C) the labor force;smaller
D) employment;larger

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