Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 11QP
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What does the phrase "Keynesian revolution" refer to?
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Step 1
Full employment is an economic circumstance in which all available labor resources are being utilized in the most efficient method possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any provided time.
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