The South suffered from a labor shortage immediately after the Civil War (1861–1865) mostly because
(a) freed slaves worked fewer hours.
(b) freed slaves moved North.
(c) Southern agriculture became mechanized.
(d) Southern industry attracted workers away from agriculture.
(a)
Economics
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If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006. B) the number of employed people in 2015 would not have been different. C) an additional 8 million people would have been working in 2015 than actually were. D) 3.5 million fewer people would have been working in 2015 than actually were.
Economics
At levels of output close to full employment, the aggregate supply curve is probably
A. very flat. B. very steep. C. sloped downward. D. perfectly elastic.
Economics