A Common Assumption Among Macroeconomists Is That When Real GDP

question 39

Multiple Choice

A common assumption among macroeconomists is that when real GDP is less than potential output,factor prices adjust and the

• A)AS curve shifts to the left fairly rapidly.
• B)AS curve shifts to the right only very slowly.
• C)AS curve shifts to the right very rapidly.
• D)AD curve shifts to the left rapidly.
• E)None of the above - the AS curve remains unchanged.

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Definitions:

Inplacement

Reabsorbing excess or inappropriately placed workers into a restructured organization.

Outplacement

Assistance provided by an organization to former employees transitioning to new jobs, often including career counseling, job search assistance, and training.

Inplacement

An organizational practice focusing on training and developing employees within the company to prepare them for higher responsibilities.

Career Development

The ongoing process of managing one's work experience, learning, and skills to pursue preferred job opportunities over time.