Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If there is a drought in the wapanzo bean growing region then supply will ________ and demand will ________

Both the ________ do not put a great deal of emphasis on the capital account

A) absorption and monetary approaches B) monetary and elasticities approaches C) elasticities and absorption approaches D) None of the above

Because people are more health conscious today than ever before, the demand for French fries has steadily fallen, causing the wage rate

a. and employment of workers in the French fries labor market to fall b. and employment of workers in the French fries labor market to rise c. to rise and employment of workers in the French fries labor market to rise d. to fall and employment of workers in the French fries labor market to rise e. to fall because both the labor demand and supply curves to shift to the right