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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Answer:
underground economy
Explanation:
Underground economy -
It is the economic transaction which is consider to be a form of illegal activity , which may be due to the goods and services or failure in transaction , is referred to as underground economy.
The example of underground economy is smuggling of goods , untaxed sale of the goods and services , untaxed labor etc.
Hence , from the given scenario of the question ,
The correct term is underground economy .
Answer:
Poor Infrastructure
Ghana's infrastructure has several problems. First, many of the infrastructure projects have a low completion rate. Second, the existing infrastructure suffers from poor quality. And third, there is weak institutional capacity to develop new infrastructure
Explanation:
Answer:
Theres a choice between judge and jury, a citizen gets the choice.
