Refer to the Following Figure When Answering $a \rightarrow b$ ; Negative TFP Shock
B)

question 75

Multiple Choice

Refer to the following figure when answering
Figure 15.1: The Labor Market
-Consider Figure 15.1, which is a representation of the labor market. In 2005, Hurricane Katrina hit the Gulf Coast of the United States; this would cause a shift from curve ________ because this is an example of a(n) ________.

• A) \(a \rightarrow b\); negative TFP shock
• B) \(b \rightarrow a\); increase in TFP
• C) \(d \rightarrow c\); increase in the interest rate
• D) \(c \rightarrow d\); rise in government expenditure
• E) None of these answers are correct.

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