Assuming an Upward-Sloping AS Curve,if an Economy Is at Full

question 91

Multiple Choice

Assuming an upward-sloping AS curve,if an economy is at full employment and consumption spending decreases while all other levels of spending remaining constant,then

• A)Increased unemployment results.
• B)Any GDP gap disappears.
• C)Inventory levels are less than desired until a new equilibrium is reached.
• D)Changes in consumption spending have no impact on GDP.

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Definitions:

Purchase Process

The steps and decision-making stages consumers go through before, during, and after buying a product or service.

Harvard Business Review

A prestigious magazine that publishes articles on topics related to business management practices and research.

Organizational Success

Achieving the stated goals and objectives of an organization effectively and efficiently, often measured by financial performance, market share, or other key indicators.

Quality Control Checks

Procedures or measures implemented to ensure that a product or service meets specified quality criteria or requirements.