Of the following countries, the one that best exhibits the characteristics of a market economy is:

An unemployment insurance program has which of the following effects?

A) It increases the amount of time spent searching for a job. B) It decreases the amount of personal income of the unemployed. C) It contributes to the severity of a recession or economic downturn. D) It lowers the overall unemployment rate.

If the labor supply curve is upward-sloping, an adverse supply shock causes ________ in employment and ________ in the real wage

A) no change, a decrease B) a decrease, a decrease C) a decrease, no change D) a decrease, an increase E) an increase, an increase