According to classical theory, full employment in the labor market occurs
A) only when actual expenditures are greater than desired expenditures.
B) only when the economy has just experienced a demand shock.
C) whenever aggregate demand is less than aggregate supply.
D) at a wage rate at which quantity demanded equals quantity supplied.
D
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What is venture capital?
What will be an ideal response?
Prices of money market instruments undergo the least price fluctuations because of
A) the short terms to maturity for the securities. B) the heavy regulations in the industry. C) the price ceiling imposed by government regulators. D) the lack of competition in the market.
What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?
a. Utility. b. Response. c. Usability. d. Demand. e. Desirable.
The income that people earn is called
a. national income b. personal income c. disposable personal income d. transfer payments e. net national product