Which One of the Following Newspaper Quotations Describes a Movement

question 69

Multiple Choice

Which one of the following newspaper quotations describes a movement along an LAS curve?

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

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Definitions:

Free-Agent Economy

An economy in which people change jobs more often, and many work on independent contracts with a shifting mix of employers.

Jobs

Positions or roles within organizations or societies that involve performing specific duties and tasks in exchange for compensation, such as salary or wages.

Goal Attainment

The process of defining, pursuing, and achieving objectives, often used as a measure of success or progress within an organization or individual's efforts.

Efficient

The effectiveness of processes or actions in achieving outcomes with the least waste of time or resources.