If the unemployed were hired, they would have the monies to purchase goods which would otherwise be unsold.
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Q45: Workers in a nearby pizza restaurant may
Q47: Economists are very good at explaining how
Q48: Total output equals total income
A)only at equilibrium.
B)always.
C)only
Q49: If inventory levels are decreasing, then we
Q51: When constructing a basic macroeconomic model, several
Q52: Economists before Keynes assumed that equilibrium GDP
Q53: If total spending exceeds total output, then
A)inventory
Q53: By definition, total production must always equal
Q58: In a simple macroeconomic model, only one
Q59: At the equilibrium level of income, it
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