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Full-Employment Output Is the Level of Output That Is Produced

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Full-employment output is the level of output that is produced when the labor market is in equilibrium.


Definitions:

Balance Per Bank

The amount of money a company's records show in its bank account, often reconciled with the bank's records for accuracy.

Balance Per Books

The amount shown in a company's accounting records, as opposed to the actual cash balance or balance reported by a bank.

Cash Disbursement Transactions

Financial activities involving the payment of cash from a business to vendors, employees, or other entities.

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