You Own a Small Business That Is Short-Staffed and Over-Worked

question 49

Essay

You own a small business that is short-staffed and over-worked.You greatly value your employees and would sorely miss them if they were to quit.What steps as their employer can you take to help them lessen burnout?​

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Definitions:

Long-Run Aggregate-Supply Curve

A vertical curve representing the real output of goods and services that an economy can produce when resources are fully employed, irrespective of the overall price level, over time.

Short-Run Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable temporarily.

Money Supply

At any given time, the total economic assets available in an economy, which consist of cash, coins, and the balances in checking and savings accounts.

Long Run

A period of time sufficient for all inputs in the production process to be adjusted, including both fixed and variable resources.