The full-employment level of output is called:
A) aggregate demand.
B) aggregate supply.
C) potential output.
D) none of the above.
C
Economics
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Which of the following pieces of information do you need to calculate the labor force participation rate?
I. the number of employed persons II. the number of unemployed persons III. the population IV. the working age population A) I and II B) I and III C) I, II and III D) I, II and IV
Economics
A leftward shift of a supply curve is called a(n):
A. decrease in quantity supplied. B. increase in supply. C. decrease in supply. D. increase in quantity supplied.
Economics