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 anegative aggregate demand shock denoted by the move from AD1 to AD2.Note that the new curve is shown in gray.1200+1100ALN1000+900Al800 -700-600500400 -309AS200100+LRAS200Real GDP300. 4001005006007008009001000 1100 1208. 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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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.

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

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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