Multiple Choice
Refer to the following figure when answering the following questions.
Figure 15.1: The Labor Market
-Consider Figure 15.1, which is a representation of the labor market. In 2005, Hurricane Katrina hit the Gulf Coast of the United States; this would cause a shift from curve ________ because this is an example of a(n) ________.
A) negative TFP shock
B) increase in TFP
C) increase in the interest rate
D) rise in government expenditure
E) None of these answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
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