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3 years ago

If the economy is experiencing less than full-employment, what does it imply?

Business

2 answers:

spayn [35]3 years ago

5 0

Answer:

Experiencing less than full employment means not all able bodies searching for jobs have all been employed

Explanation:

This implies that the economy has a percentage of its workforce unemployed.

Unemployment can result from the following:

Structural or technological unemployment is when people are unemployed because they do not have the necessary skills with which they can secure paid jobs.

Cyclical unemployment is caused a deficient demand in the economy stemming from a low aggregate demand, where government can increase its spending so as to boost the level of production in the economy and also boost aggregate demand in return.

Frictional unemployment is caused lack of precise job market information.

Real wage rate unemployment applies to industries that are heavily unionized , where unemployment is caused unions setting minimum wage above what employers can afford.

a_sh-v [17]3 years ago

4 0

Answer:

It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP

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2 years ago

What is the name of the monopolist having a declining long-run average cost throughout the market?

balandron [24]

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3 years ago

Becca and Bob own a car rental business. Becca contributes 75 percent of the capital but does only 20 percent of the work, while

ale4655 [162]

Answer: Limited liabilities and partnerships

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2 years ago

If the capital stock is fixed and something happens to raise the marginal product of capital (MPK) for any given quantity of cap

nadezda [96]

Answer:

D. rise

Explanation:

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3 years ago