most economists believe that the immediate determinant of the levels of domestic output and employment is most economists believe that the immediate determinant of the levels of domestic output and employment is the price level. the level of total spending. the size of the civilian labor force. the nation's stock of capital goods.

Most economists concur that the primary factor influencing domestic output and employment levels is The majority of economists think that the price level is the primary factor that directly influences domestic output and employment levels.

When demand is high, profits are typically higher and inventories are frequently at lower levels; as a result, employers are likely to be less resistant to wage demands at such periods. An increase in the unemployment rate indicates a situation where there is a decline in demand for goods, services, and labor.

It equates to the maximum production that an economy can support over the long term. It is also known as the long-run aggregate supply, the natural level of output, or full employment production.

Read more about immediate determinant at

https://brainly.com/question/13534721

#SPJ4