Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A stronger economy leads to [higher employment | lower employment].
Equilibrium Price
Equilibrium Price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market, leading to a stable market condition.
Supply and Demand Curves
Graphical representations of the relationship between the quantities of goods and services that consumers are willing and able to purchase at various prices and the quantities that suppliers are willing to offer.
Capitalist System
An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.
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