It’s August, the start of the fall semester, and a good time to figure out what’s going on in the economy. There are some new limits on what can happen, because we’re close to full employment.
When the economy is not at full employment, there are more people searching for work than there are jobs available. When a job opens up, there are people to fill it. There are empty business rentals searching for occupants. When a tenant shows up, a new business will open. There are factories operating at less than full capacity. When an order arrives, production expands.
An […]
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