What effect would an upward shift in the investment curve have on the equilibrium level of national income?
Answer to relevant QuestionsDescribe how the income multiplier works. Fill in the missing cells in the following table. What is the relationship between the full employment level in an economy and the economy's natural rate of unemployment? Calculate the following rates of unemployment and size of the labor force from the following data: frictional unemployment = 20; structural = 30; cyclical = 40; discouraged workers = 10; under employed = 25; employed workers ...What is meant by efficiency gains? How does it affect labor productivity? Give an example.
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