A Decrease in Aggregate Demand, All Other Things Unchanged, in the Long

question 80

Multiple Choice

A decrease in aggregate demand, all other things unchanged, in the long run will generate

• A) an increase in potential output and no change in the price level.
• B) a decrease in potential output and no change in the price level.
• C) no change in potential output and an increase in the price level.
• D) no change in potential output and a decrease in the price level.

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Definitions:

Vocational Personalities

The different personality types that are thought to be better suited for certain professions or occupational environments.

Holland's

Pertains to John Holland's theory of career choice, suggesting people's job satisfaction and career success are highest when their work environments match their personality types.

Work Environments

Refers to the setting, conditions, and culture in which an individual performs their job.

Expected Outcomes

Anticipated results or consequences of an action or decision, often based on previous experiences or statistical forecasts.