Blizzard conditions shut down stretch of l-90 in Washington A potent winter storm is causing major disruptions to travel and daily routines across the Northwest. Heavy snow can be expected through Saturday morning as a storm continues to dive southward through Washington and Oregon. The Washington State Governor declared a state of emergency. Explain the effect of the Blizzard of 2019 on the economy of the Northwest states. Source: AccuWeather.com, February 9, 2019 How did it impact the production function, the labor market, and potential GDP? In the Northwest states, the blizzard Overall, employment O A. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor, decreased O B. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor, increased O C. increased the demand for labor and had no effect on the supply of labor; decreased O D. decreased the demand for all types of labor and decreased the supply of all types of labor, decreased When businesses closed as a result of the blizzard, the production function O A. did not shift and a movement leftward along the production function occurred O B. shifted downward and a movement leftward along the production function occurred O C. shifted downward with no movement along the production function O D. shifted upward with no movement along the production function As a result of the storm, the Northwest potential GDP Click to select your answer. MacBook Air DII 110 888 FS F4 F3 F2 esc F1 & # 7 8. ! 3 4 1 2 R T W E Q J K < (0
Blizzard conditions shut down stretch of l-90 in Washington A potent winter storm is causing major disruptions to travel and daily routines across the Northwest. Heavy snow can be expected through Saturday morning as a storm continues to dive southward through Washington and Oregon. The Washington State Governor declared a state of emergency. Explain the effect of the Blizzard of 2019 on the economy of the Northwest states. Source: AccuWeather.com, February 9, 2019 How did it impact the production function, the labor market, and potential GDP? In the Northwest states, the blizzard Overall, employment O A. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor, decreased O B. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor, increased O C. increased the demand for labor and had no effect on the supply of labor; decreased O D. decreased the demand for all types of labor and decreased the supply of all types of labor, decreased When businesses closed as a result of the blizzard, the production function O A. did not shift and a movement leftward along the production function occurred O B. shifted downward and a movement leftward along the production function occurred O C. shifted downward with no movement along the production function O D. shifted upward with no movement along the production function As a result of the storm, the Northwest potential GDP Click to select your answer. MacBook Air DII 110 888 FS F4 F3 F2 esc F1 & # 7 8. ! 3 4 1 2 R T W E Q J K < (0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Blizzard conditions shut down stretch of I-90 in Washington
A potent winter storm is causing major disruptions to travel and daily routines across the Northwest. Heavy snow can be expected through Saturday morning as a storm continues to dive southward through Washington and Oregon. The
Washington State Governor declared a state of emergency.
Explain the effect of the Blizzard of 2019 on the economy of the Northwest states.
How did it impact the production function, the labor market, and potential GDP?
Source: AccuWeather.com, February 9, 2019
In the Northwest states, the blizzard
Overall, employment
O A. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor;
decreased
O B. increased the demand for snowed-related types of labor, decreased the demand for the labor in businesses that closed, and decreased the supply of labor;
increased
O C. increased the demand for labor and had no effect on the supply of labor;
decreased
O D. decreased the demand for all types of labor and decreased the supply of all types of labor;
decreased
When businesses closed as a result of the blizzard, the production function
O A. did not shift and a movement leftward along the production function occurred
O B. shifted downward and a movement leftward along the production function occurred
O C. shifted downward with no movement along the production function
O D. shifted upward with no movement along the production function
As a result of the storm, the Northwest potential GDP
Click to select your answer.
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Transcribed Image Text:As a result of the storm, the Northwest potential GDP
O A. either decreased or did not change
O B. decreased
O C. did not change
O D. increased
Click to select your answer.
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