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A prospective employer asks Berta, "What kind of contribution can you make to our company with your knowledge?" The employer is focusing on Berta's _____ skills.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, typically characterized by very low unemployment rates.
Impact Lag
The delay between the implementation of a policy (such as monetary or fiscal policy) and the observable effects of this policy on the economy.
Fiscal Policy
Government policies regarding taxation and spending that are used to influence economic conditions, including economic growth, inflation, and unemployment.
Budget Deficit
A scenario in which a government spends more than it earns in a particular timeframe, resulting in the need to accumulate debt or borrow money.
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