Examlex
When the price of oil rises unexpectedly,the equilibrium price level ________ and the unemployment rate ________ in the short run.
Machine-Hours
The total number of hours that machinery is operating for production purposes.
Machining
A manufacturing process involving the shaping of metal or other materials using machines such as lathes, milling machines, and grinders.
Finishing
Refers to the final process in manufacturing or production, where products are completed, treated, or coated to meet quality and design specifications.
Manufacturing Overhead
Indirect factory-related costs that are incurred when a product is manufactured, such as utilities and salaries for maintenance workers.
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