Figure 5-2 ​

question 65

Multiple Choice

Figure 5-2
​
-In Figure 5-2, if the aggregate demand curve shifts outward over time, the economy will

• A)experience inflation.
• B)see a sustained decrease in the price level.
• C)experience a significant decrease in unemployment.
• D)experience economic recession.

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Definitions:

Profit Responsibility

An organization's focus or obligation to achieve financial gain for its stakeholders or owners.

Seller-oriented Outcomes

Outcomes focused on benefiting the seller, such as increased sales or market share.

Customer Focus

A business strategy that emphasizes the importance of meeting the needs and exceeding the expectations of customers.

Societal Responsibility

The obligation of a business to contribute to the welfare of the society that it operates within, beyond its financial and operational obligations.