Examlex
Which of the following explains why production rises in most years?
Labor Force
The cumulative count of individuals who either have a job or are seeking work actively.
Business Cycle Theories
Various economic theories that attempt to explain the causes and dynamics of the business cycle, including expansions and contractions in economic activity.
Endogenous
Originating from within an economic model or system; refers to factors that are explained by the internal workings of the model.
Exogenous
Factors or variables that are external to the economic model and not determined within the model itself.
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