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

question 22

Multiple Choice

-Referring to the graph above,assume that,at first,the labor market is in equilibrium at point 4.In which scenario does unemployment rise,with no change in the quantity of employment?

• A)real wage rises to the level of points 1 and 2
• B)supply shifts to pass through point 5,with no change in the real wage
• C)demand shifts to pass through point 3,with no change in the real wage
• D)supply shifts to pass through point 3,with no change in the real wage

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Definitions:

Crime Drop

Refers to a significant reduction in the rate of crime within a specific geographical area or over a period of time.

Prison Boom

The rapid expansion of the prison population, mainly in the United States, starting in the late 20th century, due to changes in law and policy.

Neoliberalism

An economic and political ideology that favors free-market capitalism, deregulation, and reduction in government spending on social services, criticized for exacerbating inequality and environmental degradation.

Social Organization

A structure that governs how people or groups interact and function within a society, determining social roles, rules, and relationships.