Aggregate Demand Decreases and Real Output Falls but the Price

question 13

Multiple Choice

Aggregate demand decreases and real output falls but the price level remains the same.Which factor most likely contributes to downward price inflexibility?

• A)the multiplier effect
• B)the wealth effect
• C)fear of price wars
• D)business taxes

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Definitions:

Internal Recruiting

The process of filling job vacancies within an organization by considering current employees for advancement or lateral job moves.

Higher-level Openings

Job vacancies that are available at a more senior, advanced, or skilled level within an organization.

New Ideas

Innovative or original thoughts and concepts that have not been previously considered or explored.

Recruiting

The process of identifying and attracting potential candidates from within or outside an organization to fill job vacancies.