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All are characteristics of ordered single-displacement reactions EXCEPT:
Aggregate Supply Curve
A graphical representation showing the total supply of goods and services that firms in an economy are willing and able to produce at different price levels.
Maximum Output Level
The highest quantity of goods or services an economy or enterprise can produce using its current resources and technology.
Cyclical Unemployment
When people are out of work because the economy is operating below the full-employment level. It rises sharply during recessions.
Classical Economists
Economists from the late 18th and early 19th centuries who focused on the development of concepts like supply and demand, and the invisible hand theory.
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