The Natural Level of Output Is

question 93

Multiple Choice

The natural level of output is:

• A) affected by aggregate demand.
• B) the level of output at which the unemployment rate is zero.
• C) the level of output at which the unemployment rate is at its natural level.
• D) permanent and unchangeable.

---

Definitions:

Durable Products

Items designed for long-term use and made to withstand wear and tear over time, reducing the need for frequent replacement and hence reducing waste.

Biodegradable Material

Substances that can be broken down naturally by microorganisms into simpler, non-toxic components, reducing environmental impact.

Households

Units of living or domestic arrangements composed of one or more people who share living quarters and provisions for daily living.