Examlex
A furniture company produces 4 times as many beds on shift 2 as on shift 1. If a total of 1,000 beds were produced, how many were produced on each shift? A. Number produced on Shift 1. B. Number produced on Shift 2.
Natural Rate
Refers to the long-term unemployment rate or interest rate that is observed once the effect of short-term cyclical factors has been removed.
Aggregate Demand
The entirety of demand for goods and services in an economic setting, pegged at an established price level and during a defined time.
Unemployment Rate
The percentage of the workforce currently without jobs and actively searching for employment.
Natural Rate
Often refers to the natural rate of unemployment where the labor market is in equilibrium, or the natural rate of interest that equates savings and investment.
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