When an economy is temporarily operating at an output that is beyond its full-employment rate it means that

1 answer:

3 0

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

You might be interested in

Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition

mafiozo [28]

Answer:

im not 100% but think this is right

Explanation:

the author is making a claim of fact, because he is claiming that provides no economic benefits. im not sure about the second part

5 0

3 years ago

Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with chan

RideAnS [48]

The above is referred as Comparative statements. A comparative statement is an archive that contrasts a specific budgetary proclamation and earlier period articulations or with the same monetary report produced by another organization. Examiner and business supervisors utilize the wage explanation, monetary record and income proclamation for relative purposes.

6 0

3 years ago

What does increasing marginal opportunity costs mean? A. Increasing the production of a good requires smaller and smaller decre

lilavasa [31]

Answer:

B. Increasing the production of a good requires larger and larger decreases in the production of another good.

Explanation:

Opportunity cost refers to the foregone units of production of a good in exchange for producing units of another good.

Marginal cost on the other hand refers to additional cost incurred when an additional unit is produced.

Marginal opportunity cost relates to the additional opportunity cost incurred when additional unit of second good is produced in exchange for foregoing or sacrificing units of production of first good.

Increasing marginal opportunity cost would mean as more and more units of good A are produced, for each extra unit of production of Good A, higher units of production of Good B are sacrificed i.e larger and larger decrease in the production of another good.

4 0

4 years ago

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment ag

PtichkaEL [24]

Direct interview requests include of all of the following techniques EXCEPT: a. Requesting an interview through an employment agency. Direct interview requests includes:
>Requesting an interview during a personal visit to the company.
>Requesting an interview during a personal visit to the company.
>Requesting an interview through a telephone call.

6 0

4 years ago

Read 2 more answers

The cost of resources and using more efficient are two factors that affect the supply of a product

Art [367]

I DONT KNOW DUGHHH ONE TWO THREE OH IT NOT MATH ZOWWRY

6 0

4 years ago