If individuals become so discouraged that they stop seeking jobs, then the:
a. Unemployment rate rises and the employment rate falls.
b. Unemployment rate falls and employment rate stays the same.
c. Unemployment rate falls and the employment rate falls.
d. Unemployment rate remains the same and the employment rate stays the same.
e. Unemployment rate falls, and the employment rate rises.
.B
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The above figure illustrates the market for corn. If point "a" represents the original equilibrium and point "b" the new equilibrium, which of the following could have caused the change?
A) a decrease in the number of corn growers B) a decrease the price of wheat, a substitute in production for corn C) an increase in the cost of the seed used to grow the corn D) a decrease in buyers' incomes if corn is an inferior good E) an increased belief among buyers that corn is healthy
An increase in the expected price level shifts short-run aggregate supply to the
a. right, and an increase in the actual price level shifts short-run aggregate supply to the right. b. right, and an increase in the actual price level does not shift short-run aggregate supply. c. left, and an increase in the actual price level shifts short-run aggregate supply to the left. d. left, and an increase in the actual price level does not shift short-run aggregate supply.