Examlex
Which of the following would be considered an intangible?
Consumption
The act of using goods and services for personal needs or desires, a basic economic activity measured to assess the health and growth of an economy.
Keynesian Economics
An economic theory stating that government intervention can stabilize the economy through fiscal and monetary policy.
Wage Flexibility
The ease with which wages can adjust to match the supply and demand for labor, helping in the correction of labor market imbalances.
Full Employment
A situation in which all available labor resources are being used in the most economically efficient way, typically marked by the absence of cyclical unemployment.
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