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What does this graphic tell us about the purchasing power of the average worker?

How did we describe inflation?

What are the characteristics of discouraged workers we went over in this course?

How did we describe inflation?

Monetary policy controls the money supply and credit conditions to do what?

Which of the following is included in the labor force?

Consumers and businesses don’t have to spend increased income. This is why increased aggregate demand in response to more government purchases will depend on what?

Consumers and businesses don’t have to spend increased income. This is why increased aggregate demand in response to more government purchases will depend on what?

Consumers desire to use their limited income to buy what?

Gross exports depend on the behavior of foreign businesses and consumers.