Refer to the Graph Shown

question 101

Multiple Choice

Refer to the graph shown.Without government intervention, market forces would result in:

• A)800 labor hours demanded, 800 labor hours supplied, and a wage rate of $6.50 per hour.
• B)500 labor hours demanded, 900 labor hours supplied, and a wage rate of $7.25 per hour.
• C)1,200 labor hours demanded, 500 labor hours supplied, and a wage rate of $4.50 per hour.
• D)500 labor hours demanded, 500 labor hours supplied, and a wage rate of $7.25 per hour.

---

Definitions:

Holy Roman Empire

A complex of territories in central Europe that developed during the Early Middle Ages and continued until its dissolution in 1806, it was not a cohesive state but a collection of semi-autonomous principalities under the nominal suzerainty of the Emperor.

Ghent Altarpiece

A complex Early Flemish polyptych panel painting by Jan van Eyck, housed in St. Bavo's Cathedral in Ghent, Belgium, noted for its intricate detail and symbolic imagery.

Isenheim Altarpiece

A renowned work of German Renaissance art by Matthias Grünewald, notable for its vivid depiction of the Crucifixion and intricate panel designs.

Core CPI

A measure of the overall cost of consumer goods and services excluding food and energy.