Starting at full employment, a business cycle can be described by the following sequence: ... equilibrium, ... equilibrium, ... equilibrium
What will be an ideal response?
below full-employment; full-employment; above full-employment
Economics
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The factor that ultimately determines the change in the stock of capital, the level of real wages, and the output of an economy is
A) GDP. B) the labor force. C) the unemployment level. D) net investment.
Economics
All of the following explain the impact lag except the time between
A) a change in the money supply and a change in interest rates. B) a change in interest rates and a change in investment. C) a change in investment and the change in GDP. D) a change in the economy and the use of a tool of monetary policy.
Economics