Equity instruments are traded in the ________ market

Unemployment rates were much higher in the 1980s than they were in the 1950s basically because

A) a higher percentage of the population was in the labor force in the 1980s, but the cost to many of them of being unemployed was much lower than it was in the 1950s. B) automation has eliminated many unskilled jobs. C) fewer jobs are available in the 1980s relative to the population. D) inflation raises unemployment rates. E) recessions have become much more severe since the 1950s.

A price floor above the market clearing price typically results in I. an excess quantity supplied II. a shortage III. an excess quantity demand

A) I only B) II only C) III only D) II and III only