Price level P A Panel() LRAS Real GDP SRAS Ob) Y1 in panel (b) Oc) Y1 in panel (a) d) Yp in panel (a) Price level P Pj P₁ Panel() LRAS X % V₂ Real GDP SARAS Which best illustrates the equilibrium level of GDP consistent with some cyclical unemployment? a) Yp in panel (b) AD

120 110 &&&RSRSR22. 100 90 80 20 10,000 20,000 000'DE 40,000 50,000 60,000 70,000 80,000 Consider the information in the file named Hypothetical Labor Market Graph. The graph shows the aggregate demand for labor in a small country with a civilian population of 100,000 persons. The labor force participation rate in this country is only 30% and it does not depend on the level of real wage. Wages and prices are fully flexible downwards and upwards. Start from the base case. Suppose that due to changes in social norms, the participation rate of women in the labor force increases. As a result, the overall labor force participation rate increases to 50.00% Ceteris paribus, this event causes the equilibrium real wage to change to units.

In a country called Uncle Sam Land (USL), the labor demand curve is given by:W = K- 4LWhere W is the wage rate, K is a variabledetermined by accumulated capital stock in thecountry, and L is the labor force in the country.K= 50 is supplied by the capitalists.If the labor force in this country goes up from 10 to 11, what happens to the national income in USL?National Income = income of all workers + income of all capitalists.Select one:a. Does not changeb. Goes down by 44c. Goes up by 8d. Goes up by 26e. None of the above.

The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Increasing the benefits offered to unemployed workers through the government's unemployment insurance program Establishing government-run employment agencies to connect unemployed workers to job vacancies