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Suppose the following two events occur in the market for elementary school teachers:
A.Overcrowded schools and education budget cuts have discouraged young college students from pursuing careers in teaching.
B.With an increasing birth rate, the number of children entering the elementary school system is expected to increase significantly over the next ten years.
What is likely to happen to the equilibrium wage and quantity of teachers as a result of these two events?
Cortex
The outer layer of the cerebrum in the brain, involved in complex brain functions such as thought, memory, and consciousness.
Metabolic Rate
This rate measures the amount of energy expended by the body over a certain period of time, including during various activities beyond resting conditions.
Limbic Brain
A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It regulates basic emotions (such as fear and pleasure) and drives (such as those for food and sex).
Sleep Deprivation
The condition of not having enough sleep, which can negatively affect cognitive functions, emotional state, and physical health.
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