In the Short Run, Any Fall in EP /P

question 64

Multiple Choice

In the short run, any fall in EP /P, regardless of its causes, will cause

• A) an upward shift in the aggregate demand function and an expansion of output.
• B) an upward shift in the aggregate demand function and a reduction in output.
• C) a downward shift in the aggregate demand function and an expansion of output.
• D) an downward shift in the aggregate demand function and a reduction in output.
• E) an upward shift in the aggregate demand function but leaves output intact.

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Definitions:

Crisis

A critical or tumultuous situation that requires a decisive response.

Performance Norms

The accepted standards or expectations of performance within a group or organization.

Team Cohesiveness

the strength of the relationships and the level of commitment among team members towards their common goals.

Task Needs

Task needs are the requirements or conditions necessary to successfully complete a specific job or project.