From the table above, which gives data about the U.S. labor market in 1933, the unemployment rate is

A shortage will develop when

A. the quantity supplied is greater than the quantity demanded. B. the government provides subsides to producers. C. the discovery of new technology reduces production costs. D. the market price is below the equilibrium price.

According to the permanent income hypothesis, the impact of ________

A) a change in permanent income on consumption is greater than the impact resulting from a change in transitory income B) a change in transitory income on consumption is greater than the impact resulting from a change in permanent income C) a change in transitory income is felt primarily through changes in the total tax revenue paid to the federal government D) a change in permanent income on consumption is larger than the impact resulting from a change in future income