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In taking notes in class,LaShonda tries to anticipate what the teacher will say and looks for the core of ideas that will make up this lecture.She listens for signal words that will tell her what direction her instructor is taking,and she sits where she can get involved and ask questions.Lastly,LaShonda is selective in writing down only the key points of the lecture,so she can focus on what the professor is saying.LaShonda is engaged in
Tax Increases
A rise in the rate of taxes imposed by governments on individuals or businesses.
Inflationary Gap
A situation where the total demand for goods and services exceeds the total supply at current prices, leading to upward pressure on prices and inflation.
Full Employment GDP
The level of gross domestic product achieved when the economy is fully employing all available labor and resources, maximizing output.
Aggregate Supply
The aggregate amount of products and services that companies in an economy intend to sell over a particular time frame.
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