UNIVERSITY Question & Figure 5.1 CON_1950_02_202230 Not yet A graph has a positive horizontal axis answered labelled Labour (Millions of Workers) and Marked out of Participants a positive vertical axis labelled Wage 1.00 (dollars per hour) from 0 to 29 in P Flag Grades increments of 1. A line segment that rises question from left to right and a line segment that falls from left to right intersect at vertical tions coordinate 13. A point is plotted on each line segment at vertical coordinate 16; Resources the point on the rising line segment is above and to the right of the intersection, Activities and the point on the falling line segment KO is above and to the left of the Forums intersection. A point is plotted on each line segment at vertical coordinate 10. Quizzes The point on the rising line segment is to below and to the left of the intersection Media Gallery and has the same horizontal coordinate as the point on the falling segment at Dashboard vertical coordinate 16. The point on the falling line segment is to below and to the My Media right of the intersection and has the same horizontal coordinate as the point on the Calendar rising segment at vertical coordinate 16. Private files Refer to Figure 5.1. Based on the graph of the labour market above, if a minimum courses wage is set at $10 per hour, which of the following will occur? ECON_1950_02_202230 O a. The level of unemployment will ECON_1900_02_202230 fall, but the percentage of the labour force unemployed will not MNGT_1710_01_202230 change. O b. The unemployment rate will rise. W122 Int'l Orientation O c. The level of unemployment will rise, but the percentage of the International Guide labour force unemployed will not Summer 2022 change. O d. None of the above will occur. BG-SOBE O e. The unemployment rate will fall. Undergraduate Programs Question 9 Frictional unemployment is the result of Not yet answered O a. a persistent mismatch between Marked out of the skills and characteristics of 1,00 workers and the requirements of P Flag the jobs. question O b. the search process of matching workers with jobs. O c. the changing of the seasons. O d. a slowdown in the economy. O e. the ups and downs in inflation