Which One of the Following Newspaper Quotations Describes a Shift

question 54

Multiple Choice

Which one of the following newspaper quotations describes a shift of only the SAS curve?

• A)"The recent tornadoes destroyed many factories in Calgary and Edmonton."
• B)"The decrease in consumer spending may lead to a recession."
• C)"Recent higher wage settlements are expected to cause higher inflation this year."
• D)"Growth has been unusually high the last few years due to more women entering the work force."
• E)"The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."

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Definitions:

Identify Need

The process of recognizing a gap or requirement that necessitates a solution or action to improve a situation or resolve a problem.

Implement Change

This involves executing strategies or actions to alter the current state of an organization or system to achieve desired improvements or adaptations.

Open System

A system that receives inputs from its external environment.

External Environment

Factors outside an organization that can affect its operations and success, including economic, political, social, and technological influences.