Examlex
Describe various theoretical explanations of the matching law.
Aggregate Supply
The aggregate amount of products and services that companies in an economy are prepared and able to offer at a specific general price level during a certain time frame.
Natural Rate
Refers to the equilibrium rate of unemployment or interest where the economy is stable, without accelerating inflation.
Unemployment
The situation in which individuals who are capable of working and actively seeking work are unable to find employment.
Aggregate Supply
The complete range of goods and services that enterprises in an economy are prepared to sell over a predetermined period.
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