With the Real Wage on the Vertical Axis and the Unemployment

question 59

Multiple Choice

With the real wage on the vertical axis and the unemployment rate on the horizontal axis,we know that

• A)the WS curve is upward sloping.
• B)the WS curve is downward sloping.
• C)the PS curve is upward sloping.
• D)the PS curve is downward sloping.

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Definitions:

Americans

Citizens or nationals of the United States of America, a country comprising 50 states and various territories.

1920s

The decade spanning from 1920 to 1929, characterized by significant social, economic, and cultural changes following World War I.

Punishment

A stimulus or event that decreases the likelihood of the behavior that it follows occurring again in the future.

Negative Reinforcers

Stimuli whose removal following a behavior increases the likelihood of that behavior being repeated in the future.