Examlex
If the Chinese government purchases an additional $10 million worth of U.S.government bonds,this transaction is recorded as a _____ in the U.S.balance of payments.
Unemployment
A situation where individuals who are capable of working and willing to work cannot find employment.
Inefficiently Allocates
Describes a scenario where resources are not distributed or utilized in the most effective manner, leading to potential waste or misallocation.
Production Possibilities Frontier
A graph that shows the highest potential production levels for two or more products based on available resources.
Full Employment
Full employment refers to the condition in which all available labor resources are being used in the most efficient way possible, minimizing unemployment to only frictional or structural levels.
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