Long-Lived Goods Used for Producing Other Goods and Services Are

question 180

Multiple Choice

Long-lived goods used for producing other goods and services are called

• A) consumption goods.
• B) non-market goods.
• C) value-added goods.
• D) publicly provided goods.
• E) capital goods.

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Definitions:

Natural Rate of Unemployment

The level of unemployment consistent with a stable rate of inflation, determined by the structure of the labor market.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Natural Rate of Unemployment

The level of unemployment consistent with a stable rate of inflation, also seen as the equilibrium between the labor force and the number of available jobs.

Actual Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as measured over a specific period.