Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, the equilibrium quantity of health care employees would
a. increase.
b. decrease.
c. not change.
d. It is not possible to determine what happens to the equilibrium quantity.
a
Economics
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Compared to the natural rate of unemployment, the actual unemployment rate is
A) always lower. B) always higher. C) always the same. D) higher in periods when GDP fails to grow at its normal rate.
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Increasing the stock of capital while holding the labor force constant will ________ output at a(n) ________ rate
A) decrease; increasing B) increase; increasing C) increase; decreasing D) decrease; decreasing
Economics