When the Economy Is Already at Relatively High Levels of Employment

question 23

Essay

When the economy is already at relatively high levels of employment, if policy makers try to further reduce the unemployment levels through expansionary policies, what will be the likely result?

---

Definitions:

Livestock

Domesticated animals raised in an agricultural setting to produce labor and commodities such as meat, eggs, and milk.

Environmental Effect

The impact of human activities or natural processes on the ecological balance or health of the biosphere.

Subsistence Farming

A type of agriculture where farmers grow food crops to meet the needs of themselves and their families, with little to no surplus.

Large-Scale Farming

Agricultural operations that involve vast areas of land and significant levels of production, often utilizing industrial methods.