Refer to the graph shown. The approximate elasticity of segment AD is:

The normal level of unemployment that persists in an economy in the long run is:

A. also called the equilibrium rate of underemployment. B. zero when the market is equilibrium. C. always achieved in the real world. D. called the natural rate of unemployment.

Businesses do all of the following except:

A. demand goods and services from households in the goods market. B. pay taxes to the government. C. demand labor services from households in the factor market. D. supply goods and services to the government in the goods market.