Full employment GDP is the level of spending ____________.
Fill in the blank(s) with the appropriate word(s).
necessary to generate enough production and jobs to provide work for everyone who is ready, willing, and able to work
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Is keeping money growth low when the central bank can accurately forecast real growth a guarantee that short-run inflation will not occur? Explain
What will be an ideal response?
A shift from i1 to i2 in graph 1 leads directly to which of the following in graph 2?
a. a shift from PL2 to PL1
b. a shift from MD2 to MD1
c. a shift from RGDP1 to RGDP2
d. a shift from RGDP2 to RGDP1
Which of the following industries is part of a dynamic environment, meaning the market is constantly changing and updating?
a. nurseries b. education c. electronics d. manufacturing
A mixed strategy may
A) be part of a Nash equilibrium. B) be a set of probabilities of selecting each possible action. C) lead identical firms to choose different actions. D) All of the above.