Economists Generally Agree That in the Long Run Changes in Aggregate

question 88

Multiple Choice

Economists generally agree that in the long run changes in aggregate demand affect

• A)aggregate output but not the price level.
• B)the price level but not aggregate output.
• C)both the price level and aggregate output.
• D)neither the price level nor aggregate output.

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Definitions:

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Fictive Kin

Individuals who are not biologically related but are considered family due to their emotional or social connections.

Extrinsic Rewards

Benefits given by an external source, such as money or praise, to motivate behavior.

Sandwich Generation

Adults who simultaneously care for their aging parents and their own children, often facing financial and emotional stress.