Suppose That This Graph Describes the Current Labor Market for High

question 60

Multiple Choice

Suppose that this graph describes the current labor market for high school teachers:
If wages are currently W*,

• A)there will be a shortage of certified teachers.
• B)there will be a surplus of certified teachers.
• C)the market is in equilibrium: neither a shortage nor a surplus exists.
• D)teachers are underpaid.

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Definitions:

The Women Regents

A famous painting by Frans Hals, depicting the regentesses of the Old Men’s Almshouse in Haarlem, showcasing their status and benevolent governance.

Georges Le Tour

An innovative French painter of the Baroque period, renowned for his mastery of light and shadow, often depicting religious and nocturnal scenes.

Adoration of the Shepherds

A theme in Christian art depicting shepherds visiting the newborn Jesus Christ in Bethlehem, symbolizing his announcement to the common people.

Nativity

The birth of Jesus Christ, often depicted in Christian art and celebrated as a major holiday on December 25th.