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For each of the following, indicate if the change would lead to an increase or decrease in the equilibrium level of output. Explain each of your answers.
(a) planned investment increases
(b) consumers become pessimistic about the future of the economy
(c) households begin to save a larger fraction of their income
Diversity
The integration of people from diverse backgrounds, encompassing multiple nationalities, ethnicities, religious beliefs, economic levels, and sexual orientations.
Bottom-Up Effort
An approach where solutions, ideas, or projects are initiated by the lower levels of a hierarchy and move upwards for approval and implementation, promoting innovation and employee engagement.
Stereotyping
Assigning generalized attributes to individuals or groups based on perceived characteristics, often leading to biased judgments.
Negative Attitude
A general disposition or outlook characterized by pessimism, skepticism, or opposition toward ideas, people, or situations.
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