Demographers Predict That the Average Age of the Population of the U.S.will

question 5

Multiple Choice

Demographers predict that the average age of the population of the U.S.will increase.One result will be an increase in the demand for nurses.Assume that the graph below describes the current nursing labor market in a mid-sized city,and that the market is a competitive one.
Suppose the market started out in equilibrium,with Supply A and the current demand in effect.Relative to that situation,the shift in supply from Supply A to Current Supply together with an increase in demand to Demand,predicted

• A)cancel each other out,so that neither wages nor number of nurses changes.
• B)cause the number of nurses to increase,but the wages will change minimally if at all.
• C)cause wages to increase,but the number of nurses will change minimally if at all.
• D)cause both wages and the number of nurses to increase.

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Definitions:

Positive Impact

Effects or outcomes that contribute beneficially to an individual, group, or environment.

Dissatisfied

Feeling of unhappiness or discontentment with something, often leading to a desire for change.

Join A Union

The act of becoming a member of an organization that represents the interests of workers in specific industries or professions to negotiate wages and working conditions.

Social Unionism

A form of trade unionism concerned not only with workers’ rights and conditions but also with broader societal issues such as social justice and equality.