Examlex
________ is a real-life example of a price floor.
Full Employment GDP
An economic condition where all available labor resources are being used in the most efficient way possible, reflecting the highest level of economic output.
Unemployment Level
The fraction of working-age individuals without a job, yet actively trying to find one.
Output
The complete volume of goods or services created by a firm, industry, or the economy as a whole.
National Debt
The cumulative sum of funds a nation's government owes due to borrowing, which remains unpaid.
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