Answer:
correct answer is the output of the economy will exceed its long-run potential output.
Explanation:
Unemployment is the state in which an individual does not have a job but is actively looking for one
At one stage of the economic cycle, economic growth is more than normal profit. It is an unstable and usually not permanent phenomenon. This means that for some amount of time the economy's estimate is higher than its estimate or normal output.
This is due to some favourable conditions, which help the economy to bounce higher than it projected and benefit people from time to time. The economy will return to normal soon with projected growth.
For most of them, centrally planned economy usually determine what kind of occupation that its people have (we have no freedom to choose our jobs)
Not only that, usually there is no wage gap between each occupations like we see in the free market.
The Price Ceiling is the answer<span>
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Answer:
America introduced Japan to the industrial revolution
Explanation:
then during world war 2 it backfired when they bombed pearl harbor
