If Cyclical Unemployment Is Eliminated

question 98

Multiple Choice

If cyclical unemployment is eliminated

• A) GDP is at its full-employment level
• B) GDP is at its equilibrium level
• C) the loanable funds market is in equilibrium
• D) the aggregate supply curve shifts upward
• E) potential output has increased

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Definitions:

Cash Receipts

Money received by a company during a specific period, including revenues and other forms of income.

Initial Contribution

The initial capital or assets put into a venture, project, or partnership by its founders or partners.

Production Costs

Expenses directly associated with the manufacturing of goods or the provision of services, such as raw materials and labor.

Unrealised Profit

Profit that has been generated on paper due to accounting entries but has not been realized through cash or other assets.