Final answer:
The depletion of energy supplies can impact the economy and the level of full-employment output. Higher energy prices can result in reduced output and potentially lead to higher unemployment rates.
Step-by-step explanation:
The depletion of energy supplies can impact the economy and the level of full-employment output. When energy supplies are depleted, it can lead to higher energy prices, which can have negative effects on economic growth and employment.
For example, if energy prices increase, businesses may have higher costs for transportation and production, which can result in reduced output and potentially lead to layoffs or less hiring, causing a higher unemployment rate. Additionally, higher energy prices can also affect consumers' purchasing power and reduce their ability to spend, which can further impact economic growth and employment.