Consider the Simplest Macro Model with a Constant Price Level

question 80

Multiple Choice

Consider the simplest macro model with a constant price level and demand- determined output. If national income is less than its equilibrium level, it is likely that firms' inventories are _ , and so national income tends to .

• A)constant; fall
• B)being depleted; rise
• C)accumulating; fall
• D)accumulating; rise
• E)being depleted; fall

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Definitions:

High N Pow

High N Pow, or high need for power, refers to an individual's desire to influence, control, or have authority over others.

Strategic Contingencies

Critical factors or events that must be addressed in strategic planning to ensure an organization can achieve its goals and respond to changes in the environment.

Scarce Resources

Limited supplies of goods or services that are available for use by individuals or organizations.

Superordinate Goals

Shared objectives that transcend individual or group interests, promoting cooperation and cohesion among previously competitive or conflicting parties.