Aggregate Supply Refers to the

question 87

Multiple Choice

Aggregate supply refers to the

• A)decisions of firms to decrease inputs in order to produce outputs.
• B)effects of increases in input prices on output.
• C)economy's potential output at each possible labour force.
• D)supply of labour inputs in the economy.
• E)total output of goods and services that firms would like to produce and sell.

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Definitions:

Deontology

An ethical theory that emphasizes duty, rules, and the inherent rightness of actions, irrespective of the consequences.

Virtue Ethics

A philosophical approach that emphasizes virtues, or moral character, in ethical decision-making rather than rules or consequences.

Ethics Of Care

A moral theory emphasizing the importance of interpersonal relationships and compassion as fundamental to ethical decision-making.

Code Of Ethics

A written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards.