The aggregate supply of labor is the
A) total amount of time a person works over his or her lifetime.
B) total amount of time a person spends in the labor force over his or her lifetime.
C) unemployment rate.
D) sum of the labor supplied by everyone in the economy.
D
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Cost-push inflation occurs
A) when the aggregate supply curve shifts to the left, while aggregate demand remains stable. B) when the aggregate demand curve shifts to the left, while aggregate supply remains stable. C) when the aggregate supply curve shifts to the right, while aggregate demand remains stable. D) when the aggregate demand curve shifts to the right, while aggregate supply remains stable.
Explain three ways in which imposing a quota on imports may reduce a country's overall economic well-being
What will be an ideal response?