At the equilibrium wage, some people will prefer to care for their homes and families than have paid employment

At the equilibrium wage, some people who recently returned to the labour force after caring for young children will be unemployed while they wait for what they feel is the right job.

At the equilibrium wage, some people may be unemployed because the demand for their skills has fallen and there are no suitable jobs available

At the equilibrium wage, some new graduates will be unemployed while they wait for what they feel is the right job

Nominal wages may be sticky downwards

Prices may be sticky upwards

Individual producers may mistakenly believe that they alone have faced a fall in demand, and so may demand less labour

Individual workers may mistakenly believe that while nominal wages have fallen, the price level has not

It is vertical throughout its length at the output which would be produced if there were no unemployment

It is vertical throughout its length at the output which would be produced if there were only natural unemployment

It slopes forwards at low price levels and is then vertical

It slopes forwards at all price levels

In the short run unemployment will exceed the natural level

In the long run unemployment will equal the natural level

In the short run the price level will increase

In the long run, the price level will equal the original level

The new LAS curve will be to the right of the original LAS

The price level will be lower than it started

The real wage will be higher than it started.

The new SAS curve will be to the left of the original SAS