Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:

Some economists claim that the Chilean experience during the 1990s was much more successful than its Latin American neighbors. Evaluate the Chilean policies during that decade

What will be an ideal response?

The percentage of the noninstitutionalized working-age individuals who are employed or seeking work is known as

A) the labor force. B) the labor force participation rate. C) discouraged worker. D) the stock of employed and unemployed workers.