The third phase of the Keynesian LRAS Curve shows the economy at full employment. This means that the factors of production are being used at full capacity.
<h3>What do you mean by long-run aggregate supply?</h3>
Long-run aggregate supply can be defined as the output that an economy can produce while using all the factors of production and operating at full employment level.
The third phase of the Keynesian LRAS curve shows that the economy is at full employment which means that factors of production are being used at full capacity.
Therefore, B is the correct option.
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The answer is: C. Psychotherapy is effective, and many types of psychotherapy share key "active ingredients."
The 'Active ingredients' refers to the things that the therapists need to do in order to be able to fully access the victim's condition and deliver a proper judgement regarding the type of disorder that the patient is experiencing and the ways to treat it.
There are several different types of psychotherapy and each of them have their own active ingredients. But, almost all of them share several key active ingredients (such as building a rapport with the patient and trying to improve patient's awareness toward their situation.
Answer:
The Declaration contained 3 sections: a general statement of natural rights theory and the purpose of government; a list of grievances against the British King; and the declaration of independence from England.
Explanation:
If a cluster of people stand gazing upward, passersby will often pause to do likewise. This best illustrates:
d. the chameleon effect
The chameleon effect is when one mimics the behaviors of another in a proximal social environment.
Answer:
WTO is an intergovernmental organisation ; NAFTA is a 'free trade area' ; EU is an 'Economic Union'
Explanation:
The North American Free Trade Agreement (NAFTA) , European Union (EU) are economies at different level of Economic Integration.
World Trade Organisation is an international intergovernmental organisation, for regulating International Trade - of goods , services , intellectual rights. it also provides framework for trade agreements & dispute settlement. It has 165 member countries,
NAFTA is a 'free trade agreement' between 3 countries : US, Mexico, Canada; which is the lowest form of economic integration - including barrier free trade between the member countries.
EU is an 'Economic Union' between many European countries ; which is the second highest form of economic integration - including barrier free trade, common external tariffs, free labour & capital movement, common monetary & fiscal policy.