Employment of people who take jobs below their capacity is known as

Related MCQs

• Which of the following models view changes in real supply-side factors as determinants of short-run fluctuations in output and employment?
• Assume that the actual deficit is $150 billion with the economy well below potential output and that the level of economic activity rose to its potential level while tax revenues increased by $50 billion and transfer payments fell by $20 billion. Then, what is the structural deficit?
• A consumer with a given income will maximise their utility when:
• Macro economic theory is also known as
• A situation where the firm is not in a position to recover its variable costs at the prevailing prices is known as: