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

question 24

Multiple Choice

-Referring to the graph above,assume that,at first,the labor market is in equilibrium at point 4.Then,demand shifts to pass through point 3,and the real wage adjusts to the new equilibrium.________ is ________ at the new equilibrium,compared to the original equilibrium.

• A)unemployment;larger
• B)unemployment;smaller
• C)the labor force;smaller
• D)employment;larger

---

Definitions:

GIs

Term commonly used to refer to soldiers of the United States Army and airmen of the United States Army Air Forces, especially those who served during World War II.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant battles, genocide, nuclear bombings, and the Holocaust.

Divorce Rate

The statistical measure of the number of divorces that occur in a given population during a specified period.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s in response to the Great Depression.