Examlex
New home construction is included in the consumption component of GDP.
Short Run
A period in economics where at least one input is fixed while others are variable, affecting levels of production.
Output
The total quantity of goods or services produced by a company, industry, or economy within a certain period.
Unemployment
The situation in which individuals who are able and willing to work are not finding employment.
Aggregate Demand
It refers to the total demand for all goods and services within a particular economy at current price levels.
Q49: Refer to Table 24-11. Megan's 2011 salary
Q57: Typically in countries with lower levels of
Q112: Quality Motors is a Japanese-owned company that
Q135: Refer to Table 24-10. The inflation rate
Q191: Elizabeth just received her Ph.D. in economics
Q351: Refer to Table 24-10. If 2008 is
Q352: In the United States in 2012, purchases
Q435: Refer to Table 24-9. What is the
Q466: In the economy of Talikastan in 2015,
Q493: If an economy's GDP falls, then it