Answer:
Explanation:
if truly rate of actual unemployment is lower compared to the natural unemployment, it implies that the economy is making a greater effort for higher output level than its potential output.
Lower unemployment than natural rate of unemployment will reflect as lower availability of workers in the economy ,so unions and workers start demanding more wages ,which leads to increase in production cost of firms . Increase in production cost ,leads to decrease in firms supply and short run aggregate supply curve shifts lefttwards and SRAS keep shift to left till economy reach to full employment or potential GDP.As GDP Decreases no of workers Decreases and employment Decreases.
Conclusion: Short run aggregate supply Decreases and employment Decreases.
The correct answer is - GDP by what is supplied.
The best way to measure a GDP is by what is supplied on the market. Basically this means that the GDP should be measured by what and how much the economy is producing. The produced goods and services may be only for the country's market, or also for export, but those are the ones that bring in the money in the economy.
If the GDP was measured by what is demanded than we will have a very unrealistic picture. The reason is that the demand for numerous things can be there on the market, bu the financial power of the people may not actually correspond with it, nor the strength of the economy. A perfect example for something like this is Greece.
Answer:
State lawmakers must carefully word their laws so that they are consistent with the Second Amendment.
Explanation:
The McDonald v. Chicago was created because a citizen felt prejudiced when the Chicago local government did not accept the registration of firearms, thus preventing citizens from being able to use them as a personal defense.
Based on this, the case was concluded by stating that the City of Chicago's decision was an affront to the Second Amendment and that the laws formulated by local and state governments regarding possession and possession of a firearm should be established in accordance with the second amendment.
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Explanation:
