This happens when the employment is somewhere between 2% and 13%. This range is necessary in order to control the levels of inflation in the country.
When aggregate supply reaches the range of long run aggregate supply curve, or LRAS curve, full employment happens. Full employment is when there is no deficient-demand unemployment.
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
Shortage occurs
It is the output of an economy that equates aggregate supply with aggregate demand.
There is no surplus or shortage
Employment and output reach their lowest levels.
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
Shortage occurs
When a substance reaches its melting point it changes from solid to liquid. When a substance reaches its boiling point it changes from liquid to gas.
Dew point
It is the output of an economy that equates aggregate supply with aggregate demand.
The biggest problem that occurs with quantity food production is the loss of Quality.
When an object reaches it's own vibrating point!!
an earhtquake occurs
It boils: the liquid changes to gas phase.
There is no surplus or shortage
There is no surplus or shortage
When UV reaches earth, it interacts with ozone. It both creates and depletes ozone.