9. What happened to the frictional unemployment in Spain (select one)? a. Frictional unemployment remained the same. b. Frictional unemployment decreased. c. Frictional unemployment increased. 10. What happened to the structural unemployment in Spain(select one)? a. Structural unemployment remained the same. b. Structural unemployment decreased. c. Structural unemployment increased. 11. What happened to the price levels in Spain(select one)? a. Price levels remained the same.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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9. What happened to the frictional unemployment in Spain (select one)?
a. Frictional unemployment remained the same.
b. Frictional unemployment decreased.
c. Frictional unemployment increased.
10. What happened to the structural unemployment in Spain(select one)?
a. Structural unemployment remained the same.
b. Structural unemployment decreased.
c. Structural unemployment increased.
11. What happened to the price levels in Spain(select one)?
a. Price levels remained the same.
b. Price levels decreased.
c. Price levels increased.
Transcribed Image Text:9. What happened to the frictional unemployment in Spain (select one)? a. Frictional unemployment remained the same. b. Frictional unemployment decreased. c. Frictional unemployment increased. 10. What happened to the structural unemployment in Spain(select one)? a. Structural unemployment remained the same. b. Structural unemployment decreased. c. Structural unemployment increased. 11. What happened to the price levels in Spain(select one)? a. Price levels remained the same. b. Price levels decreased. c. Price levels increased.
Use the following information to answer questions 8 through 11:
The graph below shows the AD-AS diagram for Spain. Suppose that the economy experiences a
negative aggregate demand shock denoted by the move from AD1 to AD2.
Note that the new curve is shown in gray.
1200+
1100
ALN
1000+
900
Al
800 -
700-
600
500
400 -
309AS
200
100+
LRAS
200
Real GDP
300. 400
100
500
600
700
800
900
1000 1100 120
8. What has happened to the cyclical unemployment in Spain (select one)?
a. Cyclical unemployment remains the same.
b. Cyclical unemployment decreased.
c. Cyclical unemployment increased.
Price Level
Transcribed Image Text:Use the following information to answer questions 8 through 11: The graph below shows the AD-AS diagram for Spain. Suppose that the economy experiences a negative aggregate demand shock denoted by the move from AD1 to AD2. Note that the new curve is shown in gray. 1200+ 1100 ALN 1000+ 900 Al 800 - 700- 600 500 400 - 309AS 200 100+ LRAS 200 Real GDP 300. 400 100 500 600 700 800 900 1000 1100 120 8. What has happened to the cyclical unemployment in Spain (select one)? a. Cyclical unemployment remains the same. b. Cyclical unemployment decreased. c. Cyclical unemployment increased. Price Level
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