An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
The economy in points A, B, C, and D is at full employment. Some employees make bread, while others make wine. Points F and G depict scenarios where the unemployment rate varies depending on the state of the economy. Point E illustrates a growing economy that is performing above its maximum level of employment. When the unemployment rate is between 4% and 5%, an economy is considered to be in full employment; nonetheless, frictional unemployment is always present.
Given that the economy was at full employment when the question was asked, but that unemployment then rose, the starting point must be A, B, C, or D, and the final position must be F or G. Only option D, from points C through F, makes sense.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
To learn more about the above question, visit the following link:
brainly.com/question/14549969
#SPJ4
Answer:
The demand for pork would decrease and the equilibrium price of pork would decrease.
Explanation:
Substitute goods are goods that can be consumed in place of each other.
If the price of chicken falls, consumers would increase the quantity demanded of chicken and reduce their demand for pork. The fall in the demand for pork would lead to a leftward shift in the demand curve for pork. A leftward shift in the demand curve while the supply curve remains unchanged would lead to a fall in equilibrium price of pork.
I hope my answer helps you
Answer:
b. $5,560
Explanation:
The computation of the total interest revenue is shown below:
The five equal annual year-end payments = $5,009
For five years, the total amount is
= $5,009 × 5 years
= $25,045
And, the present value of recording the note is $19,485
So, the total interest revenue earned would be
= Five years amount - present value of recording the note
= $25,045 - $19,485
= $5,560
Answer:
the standard of living increased
Explanation:
Between the years 1948 and 1990, the level of productivity in the United States of America increased tremendously, to the extent that it was in the doubled fold. Consequently, this increase in the level of productivity simply exemplified that, there is a substantial increase in the standard of living for the average American.
Hence, it can be concluded that, in this case, the workweek didn't get shorter because "the standard of living increased."
Answer:
about 80% of world trade
Explanation:
The G20 consists of 19 individual countries and the European Union. If trade within the EU is included, the members account for about 80% of world trade. If trade within the EU is excluded, the members account for about 75% of world trade.
