the amount of additional aggregate demand needed to achieve full employment after allowing for price-level changes
What will be an ideal response?
aggregate demand shortfall
You might also like to view...
Ling-Temco-Vought (LTV) is an example of
a. a conglomerate. b. a vertical merger. c. a horizontal merger. d. a limited-liability partnership.
An increase in demand coupled with a decrease in supply results in a(n)
a. increase in equilibrium price and an ambiguous effect on equilibrium quantity b. increase in equilibrium quantity and a decrease in equilibrium price c. decrease in equilibrium quantity and an ambiguous effect on equilibrium price d. surplus e. decrease in the equilibrium price and quantity
In LDCs, persistent poverty occurs because of preference for _______ , which results in ___________
a. large families; low levels of capital goods production b. more consumption today; less consumption tomorrow c. high birth rates; high death rates d. high birth rates; low death rates e. culture; an absence of assimilation
The share of the labor force that was unionized increased from approximately 10 percent in 1930 to more than 30 percent in 1955 . During these 25 years, the share of national income allocated to labor (in contrast to capital)
a. remained virtually constant. b. increased approximately 10 percent. c. increased between 15 and 25 percent. d. increased 17.6 percent.