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A company has tried to improve the effectiveness of its dishwashing detergent and wants to see if it works better than the original formula. They use 6 identical new dishwashers and load them identically with dirty dishes. Three packs of each of the two types of detergent are used, and they are randomly assigned to one of the six dishwashers. After the load is run, they rate each load for overall cleanliness. Which of the following is true?
Full-Employment
A scenario where an economy utilizes all accessible labor resources in the most optimized manner.
Potential Output
Represents the highest level of real Gross Domestic Product (GDP) that can be sustained over the long term without increasing the rate of inflation.
Sustainable Output
The level of production that can be maintained over the long term without depleting natural resources or harming the environment.
Unemployment Rate
The fraction of the employment sector that is not employed and is earnestly looking for work.
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