Examlex
If a person is not employed but is looking for work, she is in the labor force.
Deadweight Loss
When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.
Tariff or Quota
A government-imposed restriction on the quantity of goods that can be imported (quota) or a tax levied on imported goods (tariff).
Domestic Consumers
People or family units in a nation who buy products and services for their own consumption.
Q18: If the long-run aggregate supply curve is
Q47: From _ the stock market as measured
Q122: Efficiency wages generally increase worker morale.
Q157: If the government spending multiplier were 4.2,
Q160: Suppose the equilibrium wage rate in the
Q173: Decreases in net taxes, decreases in the
Q200: Inflation due to an increase in aggregate
Q242: An increase in the value people place
Q246: Refer to Figure 13.4. The demand for
Q249: Which of the following financial institutions was