Consider the Following Two Headlines Appearing in the Same Day

question 50

Multiple Choice

Consider the following two headlines appearing in the same day: "Federal government announces major new infrastructure investments" and "New technology drives down transport costs." Choose the statement below that best describes the likely macroeconomic effects.

• A)The AS curve shifts to the left; the price level rises and real GDP falls.
• B)The AS curve shifts to the right; the price level falls and real GDP rises.
• C)The AD curve shifts to the left; the price level falls and real GDP falls.
• D)The AD curve shifts to the right; the price level rises and real GDP rises.
• E)The AD and AS curves both shift to the right; the effect on the price level is indeterminate and real GDP rises.

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Definitions:

Nonverbal Communication

The process of conveying a message without the use of words, such as through body language, facial expressions, and gestures.

Cultural Stereotypes

Widely held but fixed and oversimplified images or ideas of particular groups of people or cultures.

Collaborative Style

A way of working that emphasizes teamwork, open communication, and joint decision-making to achieve shared goals.

Conflict Management

The practice of recognizing and dealing with disputes in a rational, balanced, and effective way, aiming to reach a resolution that satisfies all parties involved.