According to AD-AS Model, the Primary Long-Run Effect of Increases

question 20

Multiple Choice

According to AD-AS model, the primary long-run effect of increases in the money supply is

• A)higher price level.
• B)higher GDP.
• C)lower price level.
• D)lower GDP.

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Definitions:

Environmental Scan

The process of collecting, analyzing, and using information about external influences and trends to aid strategic planning.

Organizational Culture

Represents the collective values, beliefs, and principles of organizational members that shapes their behaviors and interactions.

Motivating Employees

The process of inspiring staff to perform at their best through incentives, positive reinforcement, meaningful work, and supportive leadership.

Human Resource Audit

An examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.