6. The supply manager at a local ice cream shop claims that 80% of customers prefer chocolate over vanilla. One of the employees
believes that is an overstatement. He selects a random sample of 50 customers and found that 30 of them preferred chocolate over vanilla. Which of the following is the appropriate margin of error for a 95 percent confidence interval to estimate the population proportion of all customers that prefer chocolate over vanilla? 
1 answer:
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Answer:
Explanation:
if truly rate of actual unemployment is lower compared to the natural unemployment, it implies that the economy is making a greater effort for higher output level than its potential output.
Lower unemployment than natural rate of unemployment will reflect as lower availability of workers in the economy ,so unions and workers start demanding more wages ,which leads to increase in production cost of firms . Increase in production cost ,leads to decrease in firms supply and short run aggregate supply curve shifts lefttwards and SRAS keep shift to left till economy reach to full employment or potential GDP.As GDP Decreases no of workers Decreases and employment Decreases.
Conclusion: Short run aggregate supply Decreases and employment Decreases.
